Credit card theft continues to be rampant in 2020
In 2019, the FTC’s Consumer Sentinel Network received more than 3.2 million reports of marketplace problems. The majority of those reports (271,000) were related to credit card fraud. Additionally, payment card crime is becoming more popular as “card not present” attacks, which use data stolen during phishing and malware attacks.
A major tactic of cybercriminals is to break into your IT systems, steal your data and demand a hefty ransom, or else they’ll publish your data on the dark web. Unfortunately, 60% of small companies go out of business within six months of experiencing a data breach.