It’s true to say that there has been a dramatic shift in the way we shop today, moving away from bricks and towards clicks. Such a move has led to considerable opportunities for you, the online merchant and it is fair to say too, for cybercriminals, who are constantly searching for areas to exploit. We have moved from primarily cash transactions over the years to card payments. This is why it is imperative to offer a secure payment for your customers.
Cybercrime attacks are not limited to any particular industry or sized business, we have seen large scale attacks in the past on companies such as Yahoo, Sony and Adobe.
The online sales process is very different from your point of view and that of your customer. Generally, from a customer’s perspective, once the goods/products are selected, they are looking for a seamless, speedy payment process and the goods to follow. It is your responsibility to ensure a secure payment facility where all data remains secure and you minimise the risk to it from threats.
The human element of security remains the cornerstones when it comes to protecting your organization against any weak spots. Your organization’s ever-expanding digital footprint and supply chains are also factors adding to this risk, which cybercriminals are aware of and willing to exploit.
How to increase your online payment security
Remaining one step ahead of cybercriminals and online fraudsters is a never-ending task if you would like your digital footprint to continue, or indeed expand. Below we will look at ways to increase your online payment security.
How to choose the most secure payment system
Choosing a secure payment system is imperative to your business. Your customers must feel safe and secure when their transaction is being processed. Not only must your customers feel safe but your business should also feel that they have done their utmost to provide a safe environment for their customers.
If you are looking for a company that will manage every transaction in a secure and encrypted way you should check out LumiPay.
By using LumiPay you can avail of their PCI-DSS level 1, this is the highest level of security status from the Payment Card Industry Data Security Standard.
LumiPay is a company that provide ongoing risk analysis reports to ensure payments they receive on your behalf are always safe and secure. With the level of risk management LumiPay offer, they can easily detect and eliminate fraudulent transactions.
A speciality of LumiPay is their payment gateway is equipped with FPS (Fraud Protection Suite). The FPS has several elements designed to identify and stop potentially fraudulent transactions. Every transaction is screened which will give you the power to block transactions for various reasons, for example, device ID, email and IP address.