Convenience Store and Fuel News – With the goal being a “multilayered” approach to data security, retailers focused on EMV need to implement additional measures and infrastructure to properly reduce risk, according to a recent report.
Risk-management firm Boston Retail Partners recently released a study called “Beyond EMV: Best Practices for Payment Security,” which highlights six security strategies critical for a high level of protection.
Retailers, however, have a ways to go to implement many of these options. According to Boston Retail’s 2016 POS/Customer Engagement Survey, even after the liability shift deadline of last October for in-store point-of-sale (POS), only 22% of retailers support these transactions, with another 53% of retailers still planning to implement the capability within 12 months.
The study also found that 49% of retailers have implemented end-to-end encryption and 35% have implemented tokenization of payment data “at rest.”
Read full article: 6 Must-Have Data Security Measures