In the business of electronic payment processing, security is top priority. While this may seem obvious, we are here to deliver security best practices that you need to know, and maybe haven’t thought of yet! So let’s get into it: Here are some suggestions to ensure your payment information and, more importantly, your business, is secure.
The first thing we want to stress is this: Securing your business is much more than just securing payments. We know what you’re thinking: But payments are what keep the business going! We couldn’t agree more, that’s why we are so passionate about what we do. But we are also committed to protecting the safety and longevity of your company, so you can keep doing what you love while turning a profit. With that in mind, let’s cover a few operational best practices that are sure to keep your business more secure.
Unfortunately, the weakest link in operational security is typically human error. To combat that, it can be helpful to automate tasks in order to reduce the need for employee intervention. It is human nature to forget things and make mistakes, but when it comes to business, it’s important to limit this as much as possible. But what about the security threats that are intentional? It’s hard to know who you can trust, and it’s important to protect your information from the eyes of those who may not have the best intentions. A few ways to ensure you’ve done your best to protect any sensitive information are first by always making sure to lock your computer while you are away from your desk, and second by never writing down passwords where they could easily be found.
What about cyber threats? Another major security breach can be the effect of a social engineering threat. So, how can you combat this? We’re glad you asked! Aside from trying to eliminate human behavior as a security threat, as discussed above, there are many ways you can prepare your business for such an attack. For example: Regularly testing your internal controls to see how easily penetrable they are, training your employees to recognize common types of social engineering and these tactics could overwhelm standard controls, and getting expert advice on designing a social engineering fraud-prevention program. There are also a few compliance musts that we think you need to follow to stay secure. Adhering to PCI Compliance, and banking secrecy act aka Know Your Customer (KYC), which refers to the verification process of the identity of each of your customers, and the risk associated with them.
So, while security threats will always be there, we can help you identify and combat them and make your company a safer place to do business. Now that we’ve covered some of the necessary steps to ensuring that you and your business are safe for years to come, follow along by subscribing to learn more about how we can help you!