Here's how your business can ensure that customer information is safe when making online transactions
From online banking to shopping, making transactions online is commonplace for consumers. The familiarity, regularity, ease, and efficiency of making online transactions can lull people into a false sense of security, and while your small business may already have safeguards in place, the internet is always susceptible to new threats. As such, you must take extra precautions to ensure that your customers’ personal and financial information is kept safe from data breaches.
Where to begin with secure transactions
Comply with PCI DSS
Before accepting online payments, you must ensure your business complies with Payment Card Industry Data Security Standards (PCI DSS). Established in 2006, the PCI DSS promotes the safety and security of customer financial data and ensures your site meets the security requirements for accepting payments online. To achieve this, the PCI DSS checks for vulnerabilities in your online transaction system and if it finds any issues, you need to fix them to make sure your customers’ financial information is safe and secure.
SSL certificate
Any online retailer or business needs to have a Security Sockets Layer (SSL) protocol implemented on its website. An SSL certificate enables you to encrypt sensitive customer information, such as credit card details, that passes between a browser and web server during and after a transaction.
Don’t store customer payment data
Storing sensitive information puts it at risk against cybercriminals and fraudsters. If a bad actor were able to access and steal your customer’s informat ..
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