Card fraud is taking its toll on merchants of all sizes throughout Europe. This Infographic shows how customers are responding to retail data breaches and what merchants can do to protect themselves and their customers.

1. EUROPEAN PAYMENT
SECURITY LANDSCAPE
FOR RETAILERS
THE THREAT THE IMPACT
CONSUMERS
HOLD RETAILERS
RESPONSIBLE
TOP 4 WAYSMERCHANTS CAN PROTECT AGAINST FRAUD:
CARD FRAUD IS
INCREASING IN
NEARLY EVERY
COUNTRY
IN EUROPE.i
• 1 in 4 people globally have experienced
card fraud over the past 5yrs.ii
• In the UK, 7.4p per £1 is attributed to payment fraud.iii
• With 24% data breaches, retail and hospitality
is the 2nd most targeted sector. The 1st being
the financial organisations.iv
• 64% of organisations attacked took more
than 90 days to detect an intrusion.v
• The average time for fraud detection was 210 days.vi
• 48% of consumers believe retailers alone
should be blamed for any data breach.vi
• 28% of consumers think that retailers
should share the responsibility.vi
• Data breaches rank alongside poor customer
service and environmental disasters as one of
the top 3 reasons a brand reputation can suffer.vii
• In 2013, the average cost of a data breach
increased 15% to $3.5 million.viii
!
!
1. PCI DSS 3.0 compliance
Provides a critical baseline of security.
Scheduled to be mandated from
1st July 2015.
3. Tokenisation
A unique placeholder ‘token’ is used
to identify the customer for repeat sales
or marketing purposes so no sensitive
card data is stored.
2. Point to Point Encryption (P2PE)
Protects cardholder data from point of
capture to the payment gateway, minimising
vulnerabilities and reducing PCI scope.
4. Detection monitoring
Real-time transaction monitoring that
provides early warning of suspected
fraudulent activity.
i FICO, 2013
ii ACI/Aite poll, 2014
iii UK credit and debit card statistics, creditcards.com, 2014
iv Data Breach Investigations Reports, Verizon, 2013
v Trustwave, 2014
vi Faces of Fraud, BankInfoSecurity, 2014
vii The Aftermath of a Mega Data Breach, Experian, 2014
viii 2013 Data Breaches: All You Need to Know, Infosec Institute, 2014
For more information visit www.verifone.co.uk/P2PE