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Security Firm Releases All-in-one Cybercrime Report - Online retailers face 300% higher security and privacy risks during the holidays, but they’re not the only ones. Bricks and mortar vendors are also at increased risk of financial fraud from improper technology, lax standards, and inadequate awareness
Security Firm Releases All-in-one Cybercrime Report

 

PRZOOM - /newswire/ - Toronto, Ontario, Canada, 2007/11/10 - Online retailers face 300% higher security and privacy risks during the holidays, but they’re not the only ones. Bricks and mortar vendors are also at increased risk of financial fraud from improper technology, lax standards, and inadequate awareness.

   
 
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Informatica’s president, Claudiu Popa, sees a trend stabilizing between the online and off-line worlds: “Increased competition, more convenient access to goods/services and fewer barriers to commerce are an ideal combination for malicious hackers and thieves everywhere. We are seeing some of the most brazen financially motivated attacks during the holiday season simply because everyone is so busy and best practices can often fall by the wayside”.

According to Toronto-based Informatica Research, a combination of factors contributes to the vast increase in information security threats facing consumers and businesses during the holiday season. With an estimated 15% more people conducting a large part of their business online, the sheer volume of e-commerce traffic is the key driver in he ever-increasing number of security attacks. On the other hand, retail stores are often easy prey for fraudsters who take advantage of lax in-store security practices and staff unaware of security breaches.

According to the company’s research, specific factors that increase the risk are often present in the e-commerce and the bricks-and-mortar worlds. According to Claudiu Popa, three of the top 5 reasons are a lack of applied security practices, such as those enforced by the credit card industry’s PCI standard, employee training and awareness and finally, the proper use of secure technology. “The unfortunate situation is that companies fail to adopt simple practices such as conducting proper self-assessments or enlisting the help of experts to help prevent and detect risky situations. On the personnel side we clearly see that management often underestimates the critical importance of employee awareness and accountability sometimes even leading to insider security breaches and business interruptions. On the technology side, point-of-sale terminals in stores as well as insecure transactional processing Web pages are often exploited by malicious parties for financial gain. These are critical practices that must be put in place by any responsible business if they want to protect their clients’ information as well as their own image”.

For individuals and companies seeking to report cybercrime, Informatica freely provides a comprehensive list of options Informatica Research’s parent company, Informatica Corporation offers solutions that assist small and mid-size businesses in bulletproofing their practices for online and off-line commerce. Services include low-impact, standards-based solutions designed to preserve productivity and efficiency, security awareness for employees and audit preparation for PCI compliance, PIPEDA privacy, Sarbanes-Oxley and Bill 198.

The company also offers the acclaimed Verify™ security assessments (SecurityAssessments.ca), employee security awareness certification and the industry’s most complete suite of security and privacy solutions aimed at small and mid-size enterprises.

 
 
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Agency / Source: Informatica Security Corporation

 
 

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Security Firm Releases All-in-one Cybercrime Report

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Contact: Claudiu Popa - InformaticaSecurity.com 
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Informatica Security Corporation securities in any jurisdiction including any other companies listed or named in this release.

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