PCI Compliance Simplified: Get Trained and Avoid Security Breaches
May 14, 2015
Target's data breach is a chilling example: After the widely publicized hack, 12% of loyal shoppers no longer shop at that retailer, and 36% shop at the retailer less frequently. For those who continue to shop, 79% are more likely to use cash instead of credit cards. According to DeMeo, Vice President of Global Marketing and Analytics at Interactions Marketing Group, shoppers who use cash statistically spend less money, hurting the company. Indeed, 26% say they will knowingly spend less than before. So, why did Target get hacked? There could be two reasons, either they (or one of their vendors) lacked in their IT Security implementation or their employees were not stepped through effective security awareness training. In Target's case, an employee at one of their vendors was tricked into clicking on a phishing link. Now, let's have a look at what Target affirmed: "Target was certified as meeting the standard for the payment card industry in Septembe...
