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along with additional common-sense ideas gleaned from my conversations 2. Start talking turkey. As
with industry leaders. the conversation I excerpted
previously in this article
1. Get up to speed on what information needs to be protected, the risks illustrates, ISOs and their
posed to the security of that data and how those risks can be addressed. sales agents aren't sufficiently
Don't forget that different types of merchants can be dealing with different explaining the nuances of card
types of risks. There is no broad-based approach to assessing risks to card- data security to their clients.
data security. Make sure all your employees are on board with the program; Merchants must understand that
regular security awareness training sessions are crucial. smaller is not necessarily safer
with respect to cybercriminals
and card data security. They also
need to be cautioned against
storing sensitive customer
information.
3. Take the lead in protecting
merchants. Be proactive about
things like passing along
security templates, offering low-
cost breach insurance options,
helping them to understand
various security options as well
as the importance of partnering
with third-party service
providers that have good PCI-
compliance programs.
4. Develop products and
services that match merchants'
security and compliance
needs. "The current threat
landscape presents MSPs
with a unique opportunity for
marketplace differentiation," the
ControlScan/MAC report stated.
"MSPs that seize the opportunity
to develop valuable partnerships
with their merchants can realize
the results in a more stable base
of customers."
5. Consider offering newer
card-acceptance terminals
that support end-to-end
encryption, thereby eliminating
opportunities for data to be
stolen from POS systems.
6. Test security systems and
procedures regularly, and take
decisive action when necessary.
Patti Murphy is Senior Editor of The Green
Sheet and President of ProScribes Inc. She is
also the founder of InsideMicrofinance.com.
Email her at patti@greensheet.com.
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along with additional common-sense ideas gleaned from my conversations 2. Start talking turkey. As
with industry leaders. the conversation I excerpted
previously in this article
1. Get up to speed on what information needs to be protected, the risks illustrates, ISOs and their
posed to the security of that data and how those risks can be addressed. sales agents aren't sufficiently
Don't forget that different types of merchants can be dealing with different explaining the nuances of card
types of risks. There is no broad-based approach to assessing risks to card- data security to their clients.
data security. Make sure all your employees are on board with the program; Merchants must understand that
regular security awareness training sessions are crucial. smaller is not necessarily safer
with respect to cybercriminals
and card data security. They also
need to be cautioned against
storing sensitive customer
information.
3. Take the lead in protecting
merchants. Be proactive about
things like passing along
security templates, offering low-
cost breach insurance options,
helping them to understand
various security options as well
as the importance of partnering
with third-party service
providers that have good PCI-
compliance programs.
4. Develop products and
services that match merchants'
security and compliance
needs. "The current threat
landscape presents MSPs
with a unique opportunity for
marketplace differentiation," the
ControlScan/MAC report stated.
"MSPs that seize the opportunity
to develop valuable partnerships
with their merchants can realize
the results in a more stable base
of customers."
5. Consider offering newer
card-acceptance terminals
that support end-to-end
encryption, thereby eliminating
opportunities for data to be
stolen from POS systems.
6. Test security systems and
procedures regularly, and take
decisive action when necessary.
Patti Murphy is Senior Editor of The Green
Sheet and President of ProScribes Inc. She is
also the founder of InsideMicrofinance.com.
Email her at patti@greensheet.com.
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