Payment Card Data Breaches: What You Need to Know About Your Risk and Liability
Every day, businesses like yours experience a data breach. It can be as simple as a stolen receipt from a trash can, or as sophisticated as a ring of cyber-criminals hacking into computer systems. It happens more frequently than most business owners realize.
In fact, many small merchants today are surprised to learn that they can be held liable for tens of thousands of dollars in fines and other expenses when a data breach occurs.
Trustwave analyzed 691 data breaches in 2013 and found that Retail was the top industry compromised, making up 35 percent of the attacks investigated. Point-of-Service breaches made up 33% of the total investigations.*
Is your business is vulnerable? What you don’t know can hurt you. Read First Data’s new Market Insight to find out the risk to your business and potentially how much you could be liable for in the event of a payment card data breach.
*2014 Trustwave Global Security Report