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Firms fight credit card information theft

February 19, 2013

Some Omaha, Nebraska small businesses and merchant fraud prevention firms are thwarting hackers with technology, helping safeguard customer identities.

Some Omaha, Nebraska, small businesses and merchant fraud prevention firms are thwarting hackers with technology, helping safeguard customer identities.

The Omaha World-Herald reported that there is a black market for credit card information, and merchant fraud prevention is more important now than ever. Local businesses are getting serious about warding off hackers. While many of these businesses have opted to keep customers’ personal information off their own servers, firms like First Data, headquartered in Omaha, has gone even further in the fight.

According to the newspaper, First Data has launched a number of security measures, including TransArmor encryption software, for securing point-of-sale systems and PCI Rapid Comply, a service that assists small businesses in reaching compliance with industry regulations.

The Verizon RISK Team recently released the results of a study on data breaches. The research, conducted from 2004 to 2011, found that 98 percent of all observed data breaches were caused by external agents, and that 58 percent of data theft stemmed from activist groups. The study reaffirmed the importance of PCI compliance, as 96 percent of information breach victims were subject to PCI DSS policies but had not achieved compliance. 

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