馃攳
Keeping Your Customers' Data Safe and PCI Compliance - YouTube
Channel: unknown
[11]
what are some common mistakes that
[13]
retailers make that can make them
[16]
vulnerable to fraud I would say that the
[19]
two major mistakes that retailers make
[21]
our number one is that they're storing
[23]
credit card numbers in a place that is
[25]
not secure and number two is that
[28]
they're not PCI compliant and I'll go
[30]
through both of those to explain a
[32]
little bit more retailers are allowed to
[36]
store credit card numbers in general
[38]
it's not a good idea however if you do
[40]
store credit card numbers you really
[42]
want to make sure that they're secured
[44]
and you're following all the security
[46]
guidelines set forth by MasterCard and
[48]
Visa one of the basic requirements of
[52]
store and credit card numbers especially
[53]
if you have them written down on pieces
[56]
of paper or if you haven't printed on
[58]
receipts so you want to make sure that
[60]
those credit card numbers are secure you
[62]
don't want to just leave them in a box
[64]
under the counter you want to make sure
[65]
they're in a locked file cabinet in a
[67]
locked office and you should really have
[69]
some sort of security system or alarm
[71]
system in place as well in regards to
[75]
PCI compliance a lot of business owners
[79]
don't know what PCI compliance is and
[81]
are not compliant because of that PCI
[84]
compliance is really just a set of rules
[86]
from Visa and MasterCard about data
[89]
security and protecting credit card
[92]
numbers and one of the main pieces of
[95]
PCI compliance is that once a year every
[98]
business has to go online and fill out a
[100]
questionnaire about data security and if
[104]
you pass the questionnaire you become
[106]
compliant so it's really good to work
[108]
with a company they can walk you through
[109]
the steps of the questionnaire and make
[111]
sure that you understand the questions
[113]
before you answer them another part of
[116]
PCI compliance is that if you process
[119]
credit cards through the internet you
[121]
are required to have your system scanned
[124]
four times a year and need to have four
[127]
successful scans per year that is a
[131]
little bit more technically involved but
[134]
it's fairly simple and a merchant
[136]
services company such as a merchant
[138]
Consulting Group could easily walk you
[140]
through the steps of making
[141]
or that your systems get scanned and any
[143]
vulnerabilities are taken care of so
[145]
that you do have the four required
[147]
successful scans per year those are two
[151]
pieces of becoming PCI compliant and
[154]
those are really the two most important
[156]
pieces there are additional steps as
[158]
well and that's why it's really
[160]
important to work with a company that
[161]
has your best interest in mind it wants
[163]
you to become compliant because if you
[166]
are not compliant if you accompany our
[168]
business ever had a data breach they
[171]
could potentially be fined up to five
[174]
hundred thousand dollars by MasterCard
[176]
or Visa if you are breached but it was
[179]
found that you are compliant you not be
[181]
liable to any additional fines so not
[183]
only does being compliant protect
[185]
yourself as a business owner and
[187]
protects your customers but it's also
[189]
going to prevent you from potentially
[191]
being fine by MasterCard and Visa so
[194]
aside from the compliance factor what
[196]
other options are there for retailers to
[199]
help minimize and then then or manage
[201]
fraud yes that's a great question
[204]
because master card a visa recently
[207]
implemented new security requirements
[210]
that go in effect in april 2014 and the
[213]
basics are that the magnetic stripe is
[216]
going to be a thing in the past and a
[218]
newer chip technology is going to
[220]
replace the magnetic stripe so all that
[222]
means instead of swiping a card through
[224]
a credit card machine now there's going
[226]
to be a chip on the card and you insert
[229]
the card into the credit card machine
[230]
and then pull it back out and this is
[234]
great technology because it's way more
[236]
secure than the magnetic stripe and it's
[239]
also going to help prevent businesses
[241]
from getting charge backs as well the
[244]
technology is very reasonably priced you
[247]
can a business can obtain a chip card
[249]
reader for under three hundred dollars
[252]
and it's like I said before it's going
[255]
to protect your business it's much more
[257]
secure it's going to protect businesses
[259]
from fraud and it's also going to help
[261]
protect them
[263]
chargebacks as well
[272]
you
Most Recent Videos:
You can go back to the homepage right here: Homepage