With more than 285 million cards breached in 2008, it’s impossible to ignore the very real threat credit card fraud and identity theft have on consumers. But many business owners are completely unaware of the impact a single data breach can have on their livelihood, including:
- Fines from Visa® and MasterCard® in aggregate of $600,000 per event
- Charges for a forensic audit to determine the source and scope of a breach average approximately $10,000
- Costs for replacing the compromised consumer cards
- Business-crippling costs related to chargebacks resulting from fraudulent use of stolen information
Our optional Data Breach Services program, includes access to:
- Smart Search Technology. A powerful tool from Arsenal Security Group that identifies data breach risks such as improperly stored cardholder data and insufficient passwords
- Educational Materials. Learn about PCI and best practices
- Self-Assessment Questionnaire. Evaluate how you accept credit card payments
- Indemnification Waiver. RBS WorldPay will waive certain fees and fines that your business would otherwise have to pay in the event of a data breach
