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Is Your Business Managing Its Online Security?

Wednesday 30th May 2012

Many current and new businesses are adopting the 'clicks and bricks' business model especially as ecommerce is becoming a popular way to shop.

Yet, it is surprising how many companies are still failing to apply the appropriate security protocols in order to keep them and their online customers safe. So why is it they'll apply the necessary security measures to their bricks and mortar shops but fail to do so on their ecommerce websites? 

In a recent survey by online security giant Symnatec, 1,900 SMEs worldwide were very aware of the risks of cyber threats but continue to maintain a naïve attitude, believing that smaller businesses are in less danger of suffering a security breach in comparison to larger enterprises. However, the threat of an online attack is there, regardless of the size of your business.  

Cabinet Office Minister Francis Maude stated that: "A recent survey showed that one in seven large organisations have been hacked in the last year, with large organisations facing one outsider attack per week; small businesses face one a month.”

Tablets and smartphones can cause significant security threats to businesses especially if employees are connected to Wi-Fi hotspots.  

Companies that use cloud storage are also under fire for their lack of data security. According to PriceWaterhouseCoopers, only 44% of these companies actually implement security checks of these service providers. 

A PCI DSS compliant business is less likely to suffer a data breach according to Ponemon. From 2009 to 2011 the number of data breaches grew from 79% to 85%. Within these two years, businesses experienced two to five breaches with 41% actually receiving multiple successful attacks.  A further 39% of breaches involved cardholder data. 

Becoming PCI DSS compliant is now a necessary action if a business wants to retain the confidence of their online customers. An SSL certificate is also vital in re-enforcing a company's online security as it allows for encryption when a customer purchases a product or service.

However, there is an easy way to achieve the required security measurements for an online business without having to be audited yourselves and this is to integrate the Open Payment System with your current business or account operations. By doing this, you can maintain high-level online security without needing to have your ecommerce business audited; we have hour services audited, so that you don't have to. 

Contact the dedicated OPS client services team today if you would like to know more about the Open Payment System and how we can integrate your existing business system on  info@openpaymentsystem.com