The news of data breaches is a regular occurrence, raising concerns not only among consumers but among businesses that process credit cards. The Identity Theft Resource Center reports that there were 1,138 total data breaches in 2018 as of December 5, with 122 exposing banking or credit card information. Some notable credit card breaches include the TJ Maxx breach of 2007 and the Target Breach of 2013. More recent credit card data breaches involved big names like Sears, Saks Fifth Avenue, and Forever 21.
ChargeLogic Payments’ Fraud Protection Suite is another layer of security for credit card processing in Dynamics NAV in addition to the security offered by your payment processor. It is designed to prevent a potentially fraudulent order from shipping after the authorization request has gone out to the processor and the card is approved. It gives you varying amounts of control over transactions, from providing you with a warning to declining transactions based on the settings you choose. Here are five setups to help you prevent fraudulent transactions.
Last week, I sat in on a webinar that the PCI Security Standards Council (PCI-SSC) presented to outline the training opportunities they offer to merchants, IT professionals, and auditors. During this event, they mentioned the top five mistakes that they’ve seen that can lead to security vulnerabilities. These resonated with us because of security breaches that we’ve seen over the last year or explanations we’ve given about overall compliance toChargeLogic customers and Dynamics NAV users.