Today’s increasingly sophisticated data thieves are taking a special interest in email. Also, there’s increase in the number of attacks on point-of-sale (POS) systems, and not only. The most astonishing recent development in cybercrime has to do with hacked blockchains. To learn more about the issue and discover the cheapest merchant services UK, just follow the lines below.
Smarter Cybercriminals &Cheapest Merchant Services
Modern societies are more and more often relying on open networks, and the internetis among them. As a result, new cyber threats and other information-security issues are growing faster and becoming more challenging, and cybercriminals are becoming smarter. Did you know that?
- One of the key types of remote-access attacks in 2018 was cryptojacking. The latter targets cryptocurrency owners.
- In 2017, 2 billion data records were compromised.
- Over 4.5 billion records were breached in the 1st half of 2018.
- Mobile platforms account for over 60% of online fraud.
- Mobile apps, and not mobile-web browsers, account for 80% of mobile fraud.
- Currently, cybercrime represents over 50% of all crimes in the UK, according to the National Crime Agency.
- As of 2018, ransomware caused 17% of the overall healthcare-data breaches in the UK.
What are you doing to protect your online transactions? Are you working with a reliable and experienced payment processor that can help you avoid fraudulent transactions? If not, just turn to a reputable payments-comparison company in the UK that can help you discover the best merchant-services provider offering unmatched fraud-prevention and chargeback-mitigation services. With a true payments specialist, you can also be sure to enjoy the cheapest merchant services in the UK.
Online Fraudsters Are More Skilful &Faster
Gartner reports that the consumer IoT (Internet of Things) industry is anticipated to cover over 7 billion devices by the end of 2020. On the one hand, IoT devices have access to valuable user data, and on the other hand, they can serve as an entry point for a cybercriminal or a tool to launch a DDoS (distributed denial-of-service) attack.
When it comes to card attacks, Verizon’s 2019 Data Breach Investigation Report shows that EMV security is delivering dividends: credit/debit card information at point-of-sale terminals are less compromised these days.
On the whole, since the number of attacks on online payments is growing worldwide, professionals in the payments space can’t stay without stirring a finger. They’re constantly trying to find new, more reliable ways to transact and protect current networks and services.
Apart from emails, POS systems, large networks storing health and other sensitive data of millions of individuals are at risk. By the way, 2020 is expected to be the year of advanced phishing attacks, which will be the result of the growing number of new phishing kits found on the dark web.
To sum up, cybercriminals’ tools are becoming more and more advanced and scalable. They’re breaching user privacy and achieving “success” faster and more easily. Take the time to find the best merchant services provider that can help you avoid cyberattacksand protect your transactions easily.
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, including the cheapest merchant services, has helped thousands of business owners save money and time.