Security breaches are happening left and right. It’s not uncommon for consumers to receive a letter or an email alerting them that their information has been compromised. Ever since the global pandemic pushed consumers into the accelerated digital age, cybercriminals have had more fraudulent routes to choose from.
This has become a big problem for businesses, especially small- and medium-sized companies that may not have a strong enough cybersecurity system to protect them from increasingly sophisticated fraudsters.
Business owners need to act now or risk irrefutable damage to both their finances and reputation. To further discuss how businesses can successfully mitigate cyberattacks and protect consumers, PaymentsJournal sat down with Tom Callahan, Director of Operations, MDR, at PDI Software, and Tim Sloane, VP of Payments Innovation at Mercator Advisory Group.