The lines have been drawn in retail data security. While security threats will continue to exist – thieves and hackers will constantly seek new ways to target the retail industry – merchants can fight back by employing the most effective strategies to deal with today’s challenges. Forward-thinking retailers are prepping for a more secure future that includes a combination of EMV (Europay/MasterCard/Visa) standards, encryption and tokenization.
No payments infrastructure, no matter how well-designed and well-protected, can keep out every hacker, criminal and mischief-maker. But does this mean retailers should simply throw in the towel on data security? Quite the contrary. Acknowledging the inevitability of attacks also includes understanding where and how those attacks are most likely to occur, and taking the most effective actions to mitigate risks.