Online shopping and retail in-store purchases dramatically increase at certain times, like during the recent festive period, and unfortunately these are also times when we see increases in skimming, phishing attempts, and cyber-attacks. Because of the number of incidents and the alarming statistics released over the years, consumers feel rather insecure when shopping online and more specifically every time they need to use their card details. Recent high profile data breaches have affected consumer’s confidence and the feeling of being insecure during a transaction, which in turn has had an impact on the number of purchase transactions. Businesses need to ensure that all necessary steps are taken towards the security of their customer’s data so that they can eventually bring them back into their trust.
