The Payment Card Industry Data Security Standard (PCI DSS) is a written standard that produces major card brands and is maintained by the Payment Card Industry Security Standards Council (PCI SSC). For every e-commerce merchant who accepts credit or debit card payments on their website, PCI DSS compliance is mandatory.

SSL is an acronym for Secure Sockets Layer. In some cases, this is called TSL (Transportation Protection Level). As an online merchant, your primary responsibility is to ensure that the information you collect from your customers on your online store is protected at all costs. Here are some reasons why

One of the main reasons for the recent closure of tokenization is mobile payments. Having more credit card numbers than being powered by wireless signals makes it easier for fraudsters to “listen” to insecure transitions. Tokenization replaces the transmission of sensitive data with something that has no internal meaning and

What Is Model Risk? Model risk is a type of risk that occurs when a financial model is used to measure quantitative information such as a firm’s market risks or value transactions, and the model fails or performs inadequately and leads to adverse outcomes for the firm. A model is

What Is a Peer-To-Peer (P2P) Economy? A peer-to-peer (P2P) economy is a decentralized model whereby two individuals interact to buy sell goods and services directly with each other or produce goods and service together, without an intermediary third-party or the use of an incorporated entity or business firm. In a

What Is Data Migration? Data migration is the process of moving stored digital information between computers, systems, or formats. Data migration occurs for a number of reasons, including server replacement or maintenance, a change of data centers, data consolidation projects, and system upgrades. As much of a company’s corporate knowledge

What Is Two-Factor Authentication (2FA)? Two-factor authentication (2FA) is a security system that requires two distinct forms of identification in order to access something. Two-factor authentication can be used to strengthen the security of an online account, a smartphone, or even a door. 2FA does this by requiring two types

What is Data Loss Data loss occurs when valuable and/or sensitive information on a computer is compromised due to theft, human error, viruses, malware, or power failure. It may also occur due to physical damage or mechanical failure or equipment or an edifice. The biggest reasons for data loss include

Debit card fraud occurs when a criminal gains access to your debit card number—and in some cases, personal identification number (PIN)—to make unauthorized purchases or withdraw cash from your account. There are many different methods of obtaining your information, from unscrupulous employees to hackers gaining access to your data from

What is a Data Breach A data breach (also known as data spill or data leak) is an unauthorized access and retrieval of sensitive information by an individual, group, or software system. It is a cybersecurity mishap which happens when data, intentionally or unintentionally, falls into the wrong hands without