The financial details of nearly 5.000 UK companies turned out to be exposed in 3rd party breaches and sit within criminal forums, as cybersecurity firm Digital Shadows reports. What can you do to protect your business from cyber attacks? Where can you find the cheapest merchant services to fight fraud? Just go on reading this article to know.
UK Business Emails Representing Cyber Security Flaws
According to the FBI, because of scams coming from business email cybersecurity flaws, including fake invoices, businesses have lost $12bn globally over the past 5 years. About half the UK businesses were attacked by cybercriminals in 2017. As a result, each of them lost thousands of pounds, based on some recent data.
The 2018 Cyber Security Breaches Survey reveals that 19% of charities and 43% of businesses have reported cybersecurity breaches or attacks in the past 12 months.
According to Ciaran Martin, chief executive of the National Cyber Security Centre, it’s not impossible for companies to reduce their chances of being compromised. In fact, they can significantly avoid becoming a victim if they take some important cybersecurity steps to eliminate basic weaknesses.
Today, cyber attacks are a growing problem all over the world. As you might know, Google is closing Google+ social network. The reason is that there’s a gaping security hole, which put the personal data of half a million internet users at risk.
Cheapest Merchant Services to Fight Cyber Attacks
Rick Holland, Digital Shadows executive, notes that phishing is still an extremely serious problem associated with business email compromise. The company has discovered that it’s not the only risk. As Holland further mentions, misconfiguration issues or finance department emails and passwords circulating online are already putting companies at risk.
With all this in mind, it’s too important for merchants to turn to a reliable merchant services provider that can protect them to the best possible way. You can easily find a payment processor of this type if you work with a reputable comparison company that can help you find the most secure and the cheapest merchants services in the industry.
Make sure the payment expert provides free consultation and review of contracts, as well as rates, and fees. What is more, find out whether the company pays attention to the integration requirements of payment processors or not.
Be aware that the right merchant services company should check each and every provider’s integration process to make sure you can avoid making extra payments caused by misleading terminology, hidden costs, and deceptive sales tactics. Finally, a true payment expert should provide the most honest snapshot of the company at the time of writing.
As Holland notes, it’s impossible for organisations to completely get rid of these issues. However, companies have the power to at least tighten up on their own processes, which will enable them to keep their data exposure to a minimum. So, turn to a respectable merchant services comparison company in the UK that can help you run your business securely and without major expenses.
Author Bio: Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry has helped thousands of business owners save money and time, and enjoy the cheapest merchant services.