Holding payments security up to the light, I am reminded of a line from author, John Steinbeck:
“We spend our time searching for security and hate it when we get it.”
As the payments industry continues to get a handle on fraud, it’s finding the cracks still open to criminals. Secure technologies like EMV, encryption and tokenization have covered many security holes. Yet, level 4 merchants – the smallest businesses – are now experiencing the bulk of data hacks.
In a recent report, the Payment Card Industry Security Standards Council declared that the smallest businesses – what payment types call ‘Level 4 Merchants ’ – are bearing the brunt of data hacking and card fraud...