The rise of data breaches in the U.S.
According to Bloomberg and the Identity Theft Resource center, U.S. companies reported a record 1,093 data breaches in 2016—a 40% increase over 2015.
In light of such figures, merchants must learn how to secure credit card transactions online.
As data breaches become more common, consumers are becoming more wary with their online shopping habits. They’re unlikely to purchase from eCommerce stores that look small or unprofessional, and even when they purchase from big-name stores like Amazon or Walmart, they’re always thinking about data security.
If your online store doesn’t have the security necessary to protect customer data, then consumers won’t buy. They’ll avoid your store in favor of more established brands with better security.
There are three main reasons why merchants should worry about online data security:
- To give your customers peace of mind
- To improve your trustworthiness and therefore your sales
- To protect yourself from liability and damages
With that in mind, here are 3 methods that can help bolster your online security measures…
Please see the full article at: How to Secure Credit Card Transactions Online | EBizCharge