In what could be the largest data security breach in the world to date, information on 40 million credit card accounts might have been stolen. The massive breach follows several high-profile data loss incidents that potentially exposed American consumers to identity theft. The incident also comes as the public expresses increasing concern over identity theft.
I think that something that needs to be brought to the attention of consumers is that in instances like this, it wasn’t the actual online process itself that failed, the issue came from the backend card processor that the website transmits information to for authorizing a transaction. In my opinion, the Government needs to step in and enforce stronger regulations for security for these processing companies. Pleth primarily uses two processing companies, three really if you want to count PayPal. We only deal with processors that we know are reputable and maintain stringent security practices. click this link to know how you can protect your transactions and be safe from cyber fraud.
Link to Credit card breach exposes 40 million accounts | CNET News.com
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