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CoverStory

data with any company or its billing partner, such as Better IT hygiene and network security are 'table stakes'
AMCA, the data will be protected," the two wrote in a
letter to AMCA President Russell Fuchs. Perhaps the most disturbing trend uncovered by Verizon,
however, is a continuing rise in email phishing attacks
George Wrenn, founder and CEO of CyberSaint Security, targeting senior executives at business enterprises. These
said he wouldn't be surprised if similar breaches get business email compromises can reap huge dividends
uncovered. "The prevalence of third-party breaches, as because targeted individuals can approve payments
well as the severity, is only increasing as digitization takes and have privileged access to critical systems. Typically
over modern businesses," he said, adding that businesses time starved, senior executives often quickly review and
need to stay on top of what their third-party partners are click on emails, making it easier for suspicious emails to
doing to ensure security of patient data. slip through the cracks, researchers noted, adding that
focused education on cybercrime risks is lacking at many
All these breaches come as bad news for compromised companies.
companies and open online businesses to even greater
threats, because in addition to being fertile ground for "Technical IT hygiene and network security are table stakes
hackers, online is where stolen credit card information when it comes to reducing risk," said George J. Fischer,
tends to be used most. senior vice president and group president at Verizon
Global Enterprise. "It all begins with understanding your
"Attacks against ecommerce web applications continue risk posture and the threat landscape, so you can develop
their renaissance," Verizon said in its report. "[V]ulnerable and implement a solid plan to protect your business
internet-facing ecommerce applications provide an avenue against the reality of cybercrime."
for efficient, automated and scalable attacks. And there are
criminal groups that specialize in these types of attacks "Security needs to be seen as a flexible and smart strategic
that feast on low-hanging fruit." Cybercriminals aren't just asset that constantly delivers to the businesses, and
going after data at rest, Verizon warned. "Code is being impacts the bottom line," added Bryan Sartin, executive
injected to capture customer data as they enter it into web director of global security professional services at Verizon
forms," the company stated. It's not just payment card data Enterprise Solutions.
the crooks are after, either. Verizon said rewards programs Patti Murphy is senior editor at The Green Sheet and president of
are being hit for the points and personal information that ProScribes Inc. Follow her on Twitter @GS_PayMaven.
can be stolen.

EventsCalendar

July 10 -12, 2019 October 15 -17, 2019
https://opalgroup.net/conference/ August 20 -21, 2019 https://www.natmc.org/nac2019-at-
financial-innovation-payments-sum- http://www.theprepaidexpo.com/ tendee-registration.html
mit-2019/

August 20 -21, 2019
MWAA 17th Annual Conference https://www.eventbrite.com/e/pay-sympo- October 27 -30, 2019
July 17 - 18, 2019 sium-exposition-the-next-decade-of-pay-
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July 29 -31, 2019 September 18 -19, 2019 December 8 -10, 2019
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