Tuesday 6 November 2012
Many businesses are failing to take adequate steps to safeguard customers' credit card details, it has been claimed.
According to identity protection firm Ground Labs, the vast majority of companies are unwittingly holding information - meaning it could potentially be exposed at a later date.
In doing so, they are failing to comply with Payment Card Industry Data Security Standards, which puts them in danger of receiving hefty fines.
Mohamed Zouine, European director at the firm, said many companies wrongly believe their systems are clean - meaning consumers' confidential data could end up in the hands of hackers.
"There are many ways in which card details can remain on business’s IT infrastructure unwittingly," he stated.
"Transaction logs sent back from banks, browser caches, email duplications and more can hold sensitive data that has a black market value in the wrong hands and can be used to defraud consumers.”
Mr Zouine said it is relatively easy for an entrepreneurial thief to steal IT equipment or hack in to a business and retrieve valuable credit card data.
He urged companies to carry out checks for credit card data in the same way they conduct anti-virus scans on their computers.
Posted by Alex Boardman