Regulatory Requirements And PCI Standards

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Attacks on the all facets of business emphasizes the importance of cyber security to all businesses. It is an important reminder that many businesses see the threat of cybercrime as too remote to be worth the high cost and effort. Restaurants and retail outlets are particularly vulnerable, because their point-of-sales systems are usually connected to the Internet.  Small businesses that execute transactions online also expose merchant transaction to would-be attackers. The variety and scope of strategies that are available to cyber criminals are too great. These strategies include website compromise, email/spamming, social engineering, and viruses obtained from social networking sites. The typical anti-malware programs and a few personal identification numbers are no longer effective protections for small businesses against cybercrime. In most facets of business, a large percentage of financial transactions occur electronically either by credit card or debit cards. Since these types of transactions provide an inherit security risk, the need to define acceptable standards were established. Many businesses fail to follow Payment Card Industry Standards (PCI). Many business owners could avoid intrusions if they make sure that their point-of-sales software was up to these standards. PCI standards include a variety of measures that are particularly relevant for business …

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