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1. Improving Cybersecurity Awareness In Advanced Payment Systems
The increasing reliance on technology in today's tech-savvy world has made safeguarding
sensitive personal and financial information a more critical priority than ever before. From
financial transactions to personal data, cyber threats can impact individuals and disrupt
businesses globally. Therefore, security must be at the core of everything we do, and white-
label payment gateway solutions are no exception.
There is no denying the fact that digital payments are the favorite target for hackers,
spammers, and cybercriminals because of both volume and value. To stay protected at all
times, you and merchants must work in a secure environment and treat security as a baseline
necessity, not an add-on.
Built-in PCI DSS Compliance
Compliance with the stringent and exhaustive Payment Card Industry Data Security Standard
(PCI DSS) should be the first line of defense against cyber threats of varying nature.
The easiest way to do that is to strictly implement physical and virtual measures to stay
protected against common cyber threats such as:
✓ Cyberterrorism: This refers to a politically-based attack on information technology or
computers with the intent to create widespread social disruption and cause harm.
✓ Trojans: This form of attack tricks users into believing that they are opening a harmless
file. However, the Trojan attacks the system, generally establishing a backdoor that
provides unauthorized access to cybercriminals.
✓ Botnets: This form of cyberattack is conducted by controlled malware-infected
devices.
✓ Malware: This malicious software can include Trojan Horses, worms, spyware,
computer viruses, or any other file or program that can severely harm a computer. It
is usually spread by downloads that appear as email attachments or legitimate
downloads.
✓ SQL Injection: An SQL (Structured Query Language) injection is directed to perform
actions on data present in a database with the intent to steal it. This may involve
inserting malicious code through SQL statements and taking undue advantage of
vulnerabilities associated with data-driven apps.
✓ Adware: It refers to a potentially unwanted program (PUP) that gets installed without
the explicit permission of the online user to generate unwanted online
advertisements.
✓ Man-in-the-middle attack: This type of cyberattack includes the interception of data
transmissions or conversations between multiple people by cyber criminals. For

2. instance, data may be illegally intercepted by cybercriminals using an unsecured Wi-Fi
network to access the files or messages sent by the victim to the network.
✓ Distributed Denial of Service (DDoS): A DDoS or Distributed Denial of Service Attack
happens when a network or its servers are overwhelmed by cybercriminals by sending
too much traffic. This event prevents the network from handling valid requests and
makes the entire system unusable.
✓ Phishing: This involves sending fraudulent communications by someone while
disguising them as a trusted source. Phishing is usually performed via email or on the
phone with the intent of stealing sensitive data such as login or financial information.
✓ Viruses: It refers to a malicious program that spreads from one computer to another,
as well as other connected devices. It is designed to provide unauthorized access to
the infected systems to the attacker.
✓ Social Engineering: This type of cyberattack is aimed at breaking security procedures
via human interactions. Generally, cybercriminals deploy a blend of social engineering
attacks with phishing or other methods (such as vishing or smishing) to increase the
likelihood of the victim downloading a file or clicking on a link.
✓ Ransomware: This form of attack involves the cybercriminal holding the sensitive data
of the victim as hostage by encrypting it. The victim is then asked to pay a certain
amount to obtain the decryption key to regain access to their data. In some cases,
cybercriminals even reveal sensitive information to the public so that the victim
organization becomes liable to pay hefty fines or penalties to government agencies.
Full Compliance with other industry regulations
In addition to the PCI DSS regulations, you should find a reputed provider of white-label
payment gateway solutions that comply with the stringent European General Data Protection
Regulations (GDPR). Adherence to Service Organization Control Type 2 (SOC 2) is also
recommended.
If you belong to the healthcare industry, you should comply with the Health Insurance
Portability and Accountability Act (HIPAA).
Walled-off access to the components of payment systems
To maintain unmatched security, every payment system must differentiate networks and
access points into compartments to limit authorized access to vital systems from your partners
and the outside world. Effective compartmentalization blended with two-factor
authentication on internal and external account access can efficiently secure your backend
payment systems and networks against a range of cyber threats.
Focus on Data Encryption
Advanced payment systems focusing on white-label payment gateway solutions should
protect the sensitive personal and financial data of customers whether they pay in-store or
online. For this, it's a good choice to rely on point-to-point encryption (P2PE) and tokenization
that encrypt and protect critical customer data.

3. Identify fraud with Rules-Based Fraud Prevention
Rules-based fraud detection can be described as a basic screening system that allows
merchants to establish custom rules for which transactions they accept and which should be
declined or quarantined. Fraudulent or suspicious payments can be stopped if they trigger any
red flags. Merchants can even opt for fraud prevention tools and strategies that are powered
by artificial intelligence (AI).
Contact us at ITIO Innovex if you’re looking for the most secure, scalable, flexible, and out-of-
the-box white-label payment gateway solutions.