Cybersecurity Breach at Neiman Marcus Will Test Consumers’ Retail Confidence Ahead of the Busy Festive Period, Warns PCI Pal
06 Octubre 2021 - 8:00AM
Business Wire
The recent data breach, amidst a year of
ongoing data breaches, is a warning signal to retailers and
consumers as they head into the holiday season
With news reports suggesting the retailer Neiman Marcus has been
the subject of a cybersecurity breach, PCI Pal® (LON: PCIP) – the
global cloud provider of secure payment solutions for business
communications – is urging firms to step-up protection of sensitive
payment card data with de-scoping payment security technologies to
put a stop to hackers accessing sensitive financial
information.
Neiman Marcus Group confirmed it has notified approximately 4.6
million online customers that personal information such as name,
contact information and credit card numbers may have been accessed
in a hack.
A 2020 consumer survey from PCI Pal found that a significant 70%
of U.S. respondents would stop shopping for a few months or
indefinitely if a store suffered a data breach. This demonstrates
the potential damage a breach of this nature can have not only to
reputation but potential future revenues and must be taken
seriously as online and offline retailers prepare for the busy
November and December shopping periods.
Geoff Forsyth, Chief Information Security Officer of PCI Pal
said, “Retailers are still finding their feet following the
pandemic and breaches like this have the ability to really knock
consumer confidence. Our research has shown that many consumers
will tend to avoid a retailer that has suffered a cybersecurity
breach.
“It’s an extremely hard lesson for merchants to learn from,
however using descoping technologies as part of the payment process
will help retailers in the long-run. By avoiding storing customers’
payment card data on internal systems in the first place, it
removes the associated risks of such data falling into the wrong
hands should a data breach occur.”
PCI Pal secures payments via business communications channels
for some of the largest companies in a range of markets, including
retail, logistics, financial services, public sector and
utilities.
For more information on PCI Pal visit www.pcipal.com or follow
PCI Pal on Twitter.
About PCI Pal
PCI Pal (LON: PCIP) is a leading provider of SaaS solutions that
empower companies to take payments securely, adhere to strict
industry governance, and remove their business from the significant
risks posed by non-compliance and data loss.
Its mission is to safeguard reputation and trust by providing
customers with secure payment solutions for any business
communications environment including voice, chat, social, email,
and contact centre.
PCI Pal is integrated to, and resold by, some of the worlds'
leading business communications vendors, as well as major payment
service providers.
The entirety of the product-base is available from its global
cloud platform hosted in Amazon Web Services ("AWS"), with regional
instances across EMEA, North America, and ANZ. PCI Pal products can
be used by any size organization globally, and it is proud to work
with some of the largest and most respected brands in the
world.
For more information visit www.pcipal.com or follow the team on
LinkedIn: https://www.linkedin.com/company/pci-pal/
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version on businesswire.com: https://www.businesswire.com/news/home/20211006005209/en/
Maddie Graham pcipal@sourcecodecomms.com
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