{"id":4555,"date":"2014-01-14T17:12:00","date_gmt":"2014-01-14T17:12:00","guid":{"rendered":"https:\/\/evssolutions.com\/fraud-prevention-tips-for-major-retailers\/"},"modified":"2014-01-14T17:12:00","modified_gmt":"2014-01-14T17:12:00","slug":"fraud-prevention-tips-for-major-retailers","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/fraud-prevention-tips-for-major-retailers\/","title":{"rendered":"Fraud Prevention Tips for Major Retailers"},"content":{"rendered":"

Its been highly
\npublicized that Target<\/a>s
\npoint-of-sale system was breached last month. You may have been one of the
\ninitial 40 million reportedly affected by the breach. Or maybe you were one of
\nthe final estimated 100 million affected. Either way, fraudsters got their
\nhands on a lot of data. Now Neiman
\nMarcus<\/a> has declared a data breach, which also took place in December. While
\nthe company is staying quiet until the situation is fully investigated, these
\ntwo retailers may not be the only ones affected by this chain of big data
\nbreaches. It could take weeks to determine if any other retailers were
\naffected.<\/span><\/p>\n

Cyber attacks
\nagainst the payments infrastructure are evolving. Fraudsters go from the
\npayment processors to retailers directly gaining access to data. They are
\nfinding weak spots in one retailers POS system then capitalizing on others who
\nhave similar systems. The Target and Neiman Marcus breaches prove that even
\nlarge retailers are vulnerable to attacks, especially ones taking place through
\npoint of sale systems. With that being said, one of the greatest security
\nconcerns of the U.S. payments industry is poor POS integration.<\/span><\/span><\/p>\n

While retailers may
\ntake their time to report a breach due to investigation and collecting facts,
\nbanks and credit unions are left replacing cards and covering losses suffered
\nfrom breaches, meaning timely notification is critical for them. In the end, banking
\ninstitutions may find it more cost effective to just reissue all compromised
\ncards rather than monitoring those cards for an extended period of time. Organizations
\nneed to be ready for more card fraud linked to these retail compromises.
\nWhether there is a need to reissue new cards for any cards linked to the
\nattacks or enhancing monitoring cards that could have been compromised. Banking
\ninstitutions and retailers need to be proactive while waiting for the next
\nattack, anticipate and answer questions from anxious customers and work on
\nsecuring their systems with better integration and layered security<\/a>.
\n<\/span><\/p>\n


<\/font><\/p>\n

[Contributed by EVS
\nMarketing]<\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Its been highly publicized that Targets point of sale system was breached last month. You may have been one of the initial 40 million reportedly affected by the breach. Or maybe you were one of the final estimated 100 million<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4555"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4555"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4555\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}