Data Breach Recovery and Prevention: What You Need to Know

Data breaches have become an unwelcome part of doing business in the digital age. They cost time and money for recovery and cause reputational damage due to lost customer trust. Fortunately, with the right prevention measures and an effective data breach recovery plan, your business can protect itself. In this blog post, we'll discuss what a data breach is, how you can identify one, the steps you need to take to recover, and how you can prevent future events. What Is a Data Breach? To put it simply, a data breach occurs when an unauthorized individual or group gains access to a company's sensitive data, such as financial records, customer information, or intellectual property. Cybercriminals typically use malicious software (malware) to gain access to the…

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Data Privacy vs. Data Security

As a business owner, you know how important it is to keep your customer data secure. But do you know the difference between data privacy vs. data security? As businesses collect more customer information, it’s essential that they understand the differences between data privacy and security. Read this blog to learn what separates the two and how to better protect your customers’ personal information. Cybercrime: A Clear and Present Danger Cybercrime has become a major problem in recent years. According to a Cybersecurity Ventures report, the cost of damage caused by cyberattacks is estimated to reach $8 trillion annually by 2023. Cybercriminals are getting more sophisticated and innovative with their methods, which is why many enterprises around the globe deal with multiple cyberattacks at any…

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The Essential Guide to Credit Card Fraud Prevention & PCI Compliance

Credit card fraud is a real and growing threat to businesses around the world. As an increasing number of consumers choose to pay with plastic, it’s more important than ever for business owners to stay informed about credit card fraud prevention techniques and PCI compliance requirements. From data encryption to monitoring customer transactions, this guide will provide the tools you need to boost security and foster trust in your customers. What Are the Techniques of Credit Card Frauds? To protect your customers from fraud, you must first understand the different types of credit card fraud and how they can be prevented. Identity Theft The most common form of credit card fraud is identity theft, which involves criminals stealing the personal information of customers to purchase…

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The Importance of 3DS Verification

Do you allow your customers to purchase products or services online? If so, your business is vulnerable to fraudulent transactions, chargebacks, refunds, and more. Credit card fraud is becoming extremely common—in fact, 2022’s global losses from fraudulent card transactions are a staggering $34.4 billion. As fraud techniques become increasingly sophisticated, this number is expected to increase to approximately $50 billion by 2030. Want to guarantee that all of your card-not-present transactions are legitimate? Our 3D Secure (3DS) Credit Card Authentication model may be for you! Keep reading to learn more about 3DS verification, how it works, and why it may be right for your business. Key Points 3D Secure (3DS) credit card authentication is a security protocol that prevents fraud in card-not-present transactions. 3DS authentication…

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Our Guide to Achieving PCI Compliance Over Phone Payments 

If your business collects and handles customer credit card information over the phone, you must be PCI compliant. Failure can have severe consequences, including fines, card replacement costs, reputational damage, or a damaged relationship with your merchant provider. Take credit card payments over the phone but are unfamiliar with the PCI Data Security Standards (DSS)? Trying to parse the PCI DSS on your own can be tough—read our guide to make achieving PCI compliance over phone payments easy! What is PCI Compliance? PCI compliance refers to meeting the PCI Data Security Standards (DSS), which were set by the PCI Security Standards Council (SSC) in 2006. The PCI SSC was founded in response to the growing number of cyberattacks in the 2000s with the objective of…

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Understanding Tokenization vs. Encryption

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Tokenization and encryption are some of the most common methods of protecting sensitive data, especially when it comes to locking down credit card data, personally identifiable information, and other confidential information required to meet governmental or industry compliance requirements.While you probably know that both of these techniques improve your data’s security, you may be unfamiliar with what differentiates tokenization vs. encryption. If you’re interested in learning more about data security and these two strategies, read this guide! In it, we break down what data tokenization and encryption are, what differentiates the two, and help you decide which one is the right choice for your business. The Importance of Data Security Before we jump into specifics, let’s start by reviewing why data security is important.One of…

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The Ultimate Guide to PCI Compliance

 PCI compliance is hard to understand. Not only is there a knowledge barrier when learning the PCI Data Security Standard, but there’s an enormous executional barrier in meeting its demanding requirements.Getting compliance wrong can result in crippling financial penalties, a marred reputation, and serious legal consequences. We created this guide to make the process a little less scary. It breaks down everything there is to know, from why PCI compliance exists to how you can meet its requirements. Keep reading to learn how to make PCI compliance a breeze. Table of Contents: What Is PCI Compliance? Who Is Required to be PCI Compliant? What Could Happen if You Aren’t… How To Become PCI Compliant Key Overview: PCI Data Security Standards (PCI DSS) are a set…

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PCI Data Security Standard (PCI DSS)

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THE COMPANY: Braspag Tecnologia em Pagamento Braspag is a technology company that supports payments between companies and individuals. We work with platforms, financial institutions, regulators, payment networks, banks and consumers. What has been a key challenge for your company in implementing and maintaining the PCI Data Security Standard (PCI DSS)? A key challenge is managing the costs involved with implementing and maintaining PCI DSS and establishing a PCI DSS program. The PCI DSS Program is an important part of the Corporate Information Security Program and consists of: Risk Assessment, Code of Conduct and Ethics, Training and Communication, Internal Investigations, Due Diligence, Monitoring and Audits. How have you addressed this challenge? Choosing vendors and partners willing to work with us to satisfy relevant PCI DSS requirements…

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A Guide to Payment Routing

Money can’t buy happiness, but it can keep your business running. Every business owner needs to get their money delivered safely and on time. Efficient payment routing is the best way to minimize transaction costs, increase acceptance rates, and distribute transactions evenly.Routing is a key part of payment processing, especially for businesses that use multiple payment service providers. Keep reading to learn more about payment routing and how to find the best solution for your business.What Is Payment Gateway Routing?Payment routing is the path a transaction follows after someone makes a purchase. All non-cash purchases go through routing, but in the context of business, payment routing typically refers to companies accepting payment from customers.An example of payment routing could be a customer using a credit…

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How Does Credit Card Tokenization Work?

 By 2023, U.S. retailers will lose $130 billion each year on card-not-present transactions. Securing payment data is an ethical and legal obligation for businesses today. One of the best ways to make sure that customer data stays secure is with tokenization. Keep reading to learn about how credit card tokenization works and how you can start incorporating it to keep your business secure and PCI compliant.What Is Tokenization?A company can protect its sensitive data from criminal attacks with tokenization. Tokenization is the process of swapping sensitive data for “tokens”, which have no meaning or security risk associated with them. This swap is important because it adds an extra layer of security for the original sensitive data. In the case that a criminal breaches a tokenized…

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3D Secure Merchant Information Required

As we gear up to release 3D Secure services to our clients, we need to discuss some “back office” information needed for 3DS authentication.3DS authentication is a merchant-initiated activity. Similar to charging a card, an organization needs to be registered with an acquirer as a “merchant” in order to perform these actions.This means that in order to perform 3D Secure authentication on cards processed through PCI Booking, PCI Booking will need to provide the 3DS provider the relevant merchant information for the entity performing the 3D Secure authentication.In order to help our clients and make the deployment more streamlined, PCI Booking will be registered as the default merchant for processing 3DS on cards tokenized in our system. However, we strongly recommend that you provide us…

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