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Retail payment security “very bad”, risking massive fines under new legislation

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Retail has been highlighted as the worst industry in terms of securing its payment systems from hacking threats, with nearly half of all companies failing to meet industry requirements. According to a new study from Verizon, 45 per cent of all companies leave their payment systems vulnerable to cyber-attacks, failing to scan systems for vulnerabilities and not encrypting their data. This puts them at risk of not being able to receive card payments as they fall out of compliance with the Payment Card Industry (PCI) rules.

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Retail payment security “very bad”, risking massive fines under new legislation

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