How To Avoid Cyber Fraud In Card Transaction

Nov 21, 2016 | 10:53 am

Published by | Chandan Singh


Having a spurt in card deal or purchase after demonetization in India, Russia-based software security company Kaspersky Lab has asked people to remain aware, listing a set of precautions to avoid any cyber fraud.

Attacks on POS (point-of-sale) software has been growing over the past couple of years, as physical POS provides the all-important information found on the magnetic strip of a credit card, meaning it can be cloned and used for fraudulent buys.

“Make sure your employees reconsider their behavior around your POS systems and ensure that they understand that casually simply clicking interpersonal media links and email attachments in the place of work, especially on any POS-equipped machines, is unacceptable”, suggested Altaf Halde, Controlling Director, Kaspersky Lab (South Asia).

Mr. Halde recommended that once POS system is installed, security password should be changed from the default system and ensure that each worker has their own sign into the equipment so that individual passwords are certainly not distributed.

“These passwords are transformed regularly. If a worker ceases to work for the company, make sure their password is removed from the system, ” Halde added.

To secure the POS system, any Wi-Fi systems should be password-protected, every Internet connection with a firewall.

Mr. Halde also recommended encrypting delicate payment data of customers.

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