Skip to content
Menu
Bayou Technologies | Lake Charles, Louisiana | Technology | Cybersecurity | Communication | Marketing
Computer IT Services & Marketing
  • Technology
    • Managed Services
    • Computer Repair
    • Consulting
  • Cybersecurity
    • BDR
    • Network Security
    • Computer Security
    • Data Recovery
  • Communication
    • Cabling
    • Wireless Networking
    • Phones
  • Marketing
    • Website Development
    • Search Engine Optimization
    • Social Media & Online Presence
    • Location Scan
    • Website & Email Management
    • Online Advertising
    • Multimedia Design
    • Newsletter
  • CALL: 337-214-1172
Widgets

HOME  |  BLOG  |  REMOTE SUPPORT

Home
Support
Blog
Contact
Close Menu
Payment Forms Cause Large Amount Of Online Data Breaches
August 30 2019

Payment Forms Cause Large Amount Of Online Data Breaches

wukovits Blog, Business Advice, General Interest, Recent News, Security, Technology News

When surveying the state of your company’s security, it’s important to understand what your biggest risks are.

According to the 2019 Application Report published by F5 Labs, the answer is simple.

Fully 71 percent of all web-related data breaches in 2018 specifically targeted customers’ financial information.

The single biggest culprit?  Formjacking.  According to F5’s Senior Threat Evangelist, Davidd Warburton, formjacking attacks in the hacking community have exploded in popularity over the last two years.

A big part of the problem arises from the fact that most businesses have outsourced their shopping cart and credit card payment systems to third party vendors.  Developers make use of imported code libraries, and in some cases, access third party scripts hosted on the web.

This has the advantage of saving companies money, but it simultaneously puts them in an awkward, vulnerable position. The majority of the code used to handle and process sensitive customer information exists outside the purview of IT security.  Companies simply have no way of controlling the code or verifying its safety.

Worse, hackers know that since most companies use the same small group of payment processing options, all they have to do is compromise a single component of one of those systems and they have access to a vast pool of information that spans multiple companies.

This is exactly how and why Magecart attacks have become so devastatingly effective, and it explains their meteoric rise in popularity.

Warburton describes the challenges businesses face as follows:

“Adequately detecting and mitigating injection flaws now depends on adapting assessments and controls – not just fixing code.  The more code we hand over to third parties, the less visibility and less control we have over it.”

Unfortunately, there’s no simple fix for that.  Companies are driven by necessity to seek the lowest cost solution.  It would be ruinously expensive for each company to create, manage and maintain their own custom payment processing solutions.

Used with permission from Article Aggregator

Choice Hotel Data Breach Affects up To 700,000 Customers Gmail Users Will Get Updated Spelling and Grammar Assistance

Related Posts

Major Security Issues Found With Popular Android App

Android, Blog, General Interest, Recent News, Security, Technology News

Major Security Issues Found With Popular Android App

Apple M1 Macs Are Not Immune To Malware

Apple, Blog, General Interest, Malware and Virus Protection, Recent News, Security, Technology News

Apple M1 Macs Are Not Immune To Malware

Update Available To Fix Windows 10 Crashing Issue

Blog, General Interest, Microsoft, Recent News, Technology News, Windows

Update Available To Fix Windows 10 Crashing Issue

Recent Posts

  • Major Security Issues Found With Popular Android App
  • Apple M1 Macs Are Not Immune To Malware
  • Update Available To Fix Windows 10 Crashing Issue

Archives

Categories

Get a Domain Registered


$.99* .COM Domain! Get going with GoDaddy!

Back To Top
Bayou Technologies | Lake Charles, Louisiana | Technology | Cybersecurity | Communication | Marketing
  • Home
  • Technology
  • Cybersecurity
  • Communication
  • Marketing
  • Newsletter
  • Blog
  • Support
  • Contact

BBB Logo

Bayou Technologies, LLC
✖
Bayou Technologies is a BBB Accredited Busines
A+
On a scale of A+ to F

Reviewed, Evaluated and Accredited

Meets All 26 Standards of Accreditation

BBB Accredited since 1/1/2012

Click here for BBB Business Report on Bayou Technologies, LLC

BBB Accredited:

BBB Rating as of:

Verify Bayou Technologies, LLC
Bayou Technologies, LLC © 2019
Website Development and Marketing in Lake Charles, Louisiana
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT