Payment Security Update:
What’s Next After EMV?
Insights and best practices for protecting customers’ personal and payment data.
91% of Retailers will have end-to-end encryption (E2EE) by the end of 2020
BRP helped this retailer eliminate the risk of storing customer and payment data.
Payment Security Experts
Secure Your Most Valuable Asset
We help you secure your most valuable asset: customer data.
In the wake of major data breaches, retailers must continuously reexamine their policies surrounding cybersecurity. Every day, new dangers emerge and enhanced security measures are now necessary to adequately defend against these malicious attacks. Simply being PCI compliant is no longer enough, and a multi-tiered defensive approach has become more important than ever for your business.
Many merchants in retail and hospitality remain vulnerable to potential hacking threats, with key areas of susceptibility being data encryption and payment card authentication. In addition, with the migration of critical enterprise systems, transactional data, and customer data to the cloud, it is imperative that retailers continuously evaluate their network, controls, and security processes as it relates to this shift.
Technology solutions exist to address these concerns, and our team of experienced consultants will guide you through industry best practices for payment and data security.
Define a Strategy to Safeguard Your Customers
Define a strategy to safeguard your customers and brand against increasingly sophisticated cyberattacks
A single security breach is enough to deal a crippling blow to many companies. Therefore, a fortified cybersecurity strategy is more important than ever before.
We help you develop and implement a best practice payment security strategy. Using our proven methodology, we develop a strategy and implementation approach that is based on: your unique risk and maturity profile, your existing and planned payment infrastructure, and your supported omni-channel business processes and underlying systems.
A top priority must be to examine the adequacy of current information security practices. You need to budget resources and funds to identify and implement measures that will protect the valuable consumer data your organization processes every day.
Implement Best Practice Security Measures
Implement best practice security measures to defend against malicious attacks by increasingly sophisticated hackers
Industry best practices dictate that the most effective strategy is a multi-layered security approach. Our team has extensive experience in helping retailers like you implement a combination of measures to protect consumers’ payment and data, including:
- End-to-end encryption (E2EE) starting at the time of card swipe or data entry in the mag head/chip reading device and ending with a single decryption point at the processor
- Tokenization at the earliest point possible outside of your environment and for all data at rest
- EMV technology to validate payment card authenticity for in-store purchases
- Fraud prevention tools to help reduce risk and fraudster activity for online purchases
Our experienced consultants can help your team quickly identify key points of vulnerability and work to develop a payment security strategy for the short and long-term of your key data inside your stores, at your corporate offices and in the cloud. Don’t wait to address these issues until it’s too late; be proactive today!
ABOUT BRP CONSULTING
We are a comprehensive consulting firm helping many of the most successful retailers and restaurant operators solve their business and technology problems. We focus on three key areas: IT strategy, vendor selection and project implementation.