Forty percent of the data breaches for 2017 were reported as involving credit card data, according to the 2018 Trustwave Global Security Report.1 The data breaches analyzed used attacks such as phishing/social engineering, malicious insiders, and misconfigurations. This is illustrated below in Figure 1: Methods of Compromise2.
Those numbers likely do not include hundreds of incidents that are not reported due to a desire to avoid negative publicity. There is one thing that is certain: Data breaches are a still a thing of the present and will continue well into the future.
Fortunately, in the payment industry, there . . .