As a merchant, you do everything you can to protect your business, especially from thieves and robbers. But how do you protect your data?
Traditional credit card processing solutions communicate your customer’s sensitive data in plain text, which puts it at risk for being stolen by hackers or a data breach.
I know what you’re thinking, “I’m a local boutique/small restaurant/ mom & pop store, I’m not at risk for being “hacked””. Let’s take a look at the statistics:
55% of Small Merchant Businesses have had a data breach
More than half have had multiple incidents in the past year
70% of respondents thought their companies would have difficulty detecting a breach
Well, that’s not good!
More than half of business have had data breach incidents in the last year and 70% of them admit that it would be difficult to tell? Wow.
To top it off, 50% of breach cases can be traced back to Employee and contractor negligence and 42% was due to a lost or stolen device.
Do you still think your business is unlikely to be a target?
At Arrow Payments, we don’t want to scare you. We want to empower you to protect your business and your sensitive data. We also want to help amp up your internal security protocols with employees, partners and customers.
So what can you do?
As we’ve seen in recent news, especially with Equifax, a data breach can cost a business everything! Their name, reputation, relationships and the hard costs of the breach which can exceed hundreds of dollars per card number exposed. The most effective and preventative solution for all businesses is Point-To-Point Encryption (P2PE) which removes all card data from your operations, computers, networks and servers.
Arrow Payments is focused on delivering payment processing solutions to secure sensitive client data. Adding P2PE protection to your business will save time and money by reducing security complexity, PCI compliance scope and the potential of a data breach.
Reach out to [email protected] with questions or goals we can help you achieve.
Your Allies at Arrow Payments