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Five security Tips

Five Tips for keeping good security on your Payment Processing Platform

Keeping good security on your payment processing platform is about simple steps of caution and proactive initiatives, so to achieve good security levels at all times. Here are few important things to be done consistently which will enable you to maintaining good security at all levels.

  1. Regular Bug Fixing

Software’s can have bugs that are identified after release of a program. These bugs missed by programmers can be exploited by hackers to break into your computer systems and steal data. So, it’s important that dedicated efforts are made to regularly fix bugs and update patches to have robust security.

Always keep test checks on the bugs by testing the program and applications with deep insights and  fix bugs on a regular basis and let your payment processing software be always patched with new add on and fixes.

  1. Automate updates where you can

New vulnerabilities are found daily so it may be difficult for staff to keep on updating protection applications manually every day. It’s always advisable that updates are set to automated action mode when they are released and available.

All Anti-virus software can be set to automatically update so you always get the most recent protection available for complete safety at all times.

  1. Safeguard Access to sensitive data

Not everyone in the payment processing business needs access to all the Data. Set up your systems admin settings by granting access to data, applications and functions only to a concerned responsible authorities.

For example, employees may be able to take payments but not process refunds. Or to take new bookings/orders but not to access data related to existing ones. Some employees may not need access to payment or booking details at all.

  1. Be Password Smart & Intelligent

Passwords play an important role in protecting your payment processing systems and applications. There’s no point locking your front door but leaving the ground-floor windows open. Similarly always remember to execute multifactor authentication which requires a code as well as login name and Password which are difficult to guess and are always combination of all words letters and characters. Also making sure that you change them from your default Admin settings.

Also ensure to set login / authentication rules for vendors or suppliers with access to your systems do the same. And don’t share passwords and authentic data with colleagues or over network systems.

  1. Storing Card Data

Card data is sensitive and it’s always important to remember if you don’t need it, securely destroy it. If data exists in physical form, keep it under lock and key with restricted access to minimum people.

Make sure that any data which you store is of no use and harmless to you and your company. Also encrypting text converts into cipher text which is difficult for hackers to read/crack.

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