Cyber Security Threats in the Electronic Payment System

The cyber attacks types

If you are an electronic payment provider, you would be aware that cyber security threats can appear any time and to counter this, you will need robust and latest technology. The cyber attacks might be of multiple types, with a few listed below:

  1. Advanced Persistent Threats (APTs)
    These threats come in the form of mails that prompt people to download malware. Once it is installed, they start to phish information that might be confidential as well.
  2. Internal Threats
    Suppose you give access to a person who is not trustworthy enough, they would be in a position to compromise your payment processing software, resulting in credit card frauds.
  3. Distributed Denial of Service Attacks (DDoS)
    Suppose there are false requests made to the payment processing system to an extent beyond which it can handle; it leads to the real requests going unprocessed, known as DDoS.
  4. Account Takeovers
    If a credit card skimmer takes over the account of a credit card holder, they might indulge in credit card fraud.
  5. Supply Chain Breaches
    If the software and hardware of your payment processing software is compromised during transit, it leads to supply chain breaches.

If you wish to protect your payment processing software and prevent all cyber security threats, get in touch with Open Source Payment Gateway, as we have vast experience in securing your software and supporting the smooth operations of your business.