With eCommerce statistics continuing to show growth in online business, cardholders are increasingly concerned that secure payment services are offered when making transactions into a merchant account. It’s not simply card data that is being targeted by hackers today, but other data too.
Cardholders and merchant accounts are being increasingly attacked for access to passwords of users.
Why cyber-thieves target merchant accounts
Though your IT department may expend plenty of time and energy in trying to ensure secure payment services for your customers, clearly their impact will be limited. Hackers are finding ever more ingenious ways of attacking in-house systems and merchant account interfaces, with particular interest in unlocking passwords.
Why secure payment services are targeted by hackers
You may think your merchant account interface is secure, and that all cardholder data is inaccessible, but this may not be the case. If your password security to your merchant account is compromised, this may give hackers a way to access other data. Hackers understand that people are creatures of habit – passwords for work are often the same as those used in the home and equally replicated for online financial accounts.
Hackers want to find passwords from your employees and customers because they give access to far more possibilities than online fraud.
With a single password compromised, a data hacker could not simply commit fraud on your customer’s accounts but also access your merchant account as well as gaining access to your entire company system.
Imagine the damage that could be caused with access to your entire email system, for example.
Four things to do to make sure your secure payments services and merchant account are safe from hackers
- Make certain that your merchant account interface has limited employee access
- Insist on password integrity, with systems enforcing regular changes
- Train staff to use unique passwords
- Ensure your IT department remain informed about the latest secure payment services measures and updates your entire in-house system accordingly
Why businesses opt for specialist secure payment services providers
Clearly, the requirements of PCI DSS and other customer and cardholder security measures require constant attention. This often means staff and resources dedicated on a full time basis within eCommerce businesses to maintain merchant account interface integrity. For example, the upcoming requirements of EMV – the new security measures must be in place in 2015 in the United States – means many companies are being forced to update whole systems.
Secure payments service providers take all this responsibility on for their customers, while maintaining a bespoke interface and payment gateway for customers to continue to benefit from a unique online shopping experience. That saves time, money, and heart-stopping attack by data hackers. And your in-house IT resource can be targeted at business related strategies rather than fighting cyber crime.