01Mar, 2016

PII & Credit Card Data Scanning

How to use credit card scanning technology to avoid fraud, stay protected and maintain security compliance

We all know that sinking feeling when we’re using a personal laptop and there is a glitch and we can’t get it to work – it looks like it’s “died”. The tendency to panic is strong. What to do if we lose valuable data? It’s not a pleasant thought. Now, take that to a much bigger scale like your business and you can understand why credit card scanning technology is something you need to be aware of.

That’s because if you have thousands or even hundreds of thousands of credit cards stored on your network and it’s not secure, this represents a real financial risk, how much could that cost your business if you’re hacked? The Ponemon Institute estimated that credit card breaches can cost nearly $160 per card number stolen. You can avoid that headache with credit card scanning which will help you secure your sensitive financial resources and maintain security compliance. You may already be aware that businesses or service providers that handle credit cards must be compliant with the PCI DSS security standards. There are many aspects to this and it can be difficult to fathom. This is when expert advice can come in handy.

Often times when we run a credit card scan for a business, for instance, they are surprised at what turns up and where, a number of times, corporate clients discover millions of credit cards across different systems and business units. This is where an advanced scanning capability such as IP Solutions enterprise edition can really add value and reduce financial risk.

Companies that have been the victims of a data breach are nearly always reclassified as a “Level 1 merchant”, what this means is that organisations not only incur the initial costs associated with the breach, but as a result of reclassification must undergo far more stringent and costly security assessment processes every year thereafter.

The only real way to ensure there is no unprotected credit card data lurking around on your network is by a thorough search using comprehensive software that looks for card data across systems (workstations, servers, file shares, NAS, SAN, etc.) and databases (SQL server, Oracle, MySQL, Postgres, Sybase, MS Access etc.).
A scanning and remediation platform will track and trend sensitive card data, deliver a quantified risk position to your business and reduce the ongoing risk of compliance becoming an issue. In other words, it’s a great way to avoid that nasty panicky feeling and reduce your risk of serious financial loss.

To find out how to protect your business with the latest technologies for credit card and other data protection, call 1300 975 630. Or download your free copy of the eBook called protecting your business from Cyber Attacks with credit card scanning here

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