Any small business or entrepreneur dealing with credit card numbers should be well aware of the Payment Card Industry (PCI) Security Standard, which provides guidance for merchants and payment card processors on how to protect customer data and meet regulatory guidelines. Today, May 15, the PCI Security Standards Council (PCI SSC) is offering a free webinar at 12:30 p.m. EDT with tips on how small businesses can protect not just customer data but their businesses from nightmares rivaling the Target credit card breach.
The webcast is titled "What's Your Password? Security basics for small businesses" and will provide the tips and resources necessary for small businesses to avoid having their payment systems breached by criminals and having sensitive customer information exploited by these criminals. The PCI Security Standards Council is offering this free webinar for entrepreneurs and small businesses in honor of National Small Business Week, which is a week designated by the U.S. Small Business Administration to recognize the importance of small businesses to the U.S. economy.
Small businesses are the most at risk for data breaches, according to the 2014 Verizon Data Breach Investigations Report. Point of Sale (PoS) intrusions in particular are rampant, accounting for 31 percent of attacks on retail businesses - and 75 percent of the attacks that hit accommodations and food services businesses. Even worse, according to the report, is that these PoS attacks hit mostly small and medium-size retailers, not just the giants like Target, Neiman Marcus and Michael's. RAM scrapers make up 85 percent of these PoS attacks.