22 Jan '15, 10am

Payment security top priority for retailers in 2015

Payment security top priority for retailers in 2015

The way consumers shop for luxury is changing More than 63 percent of retailers list payment security within their top three priorities for 2015, according to a new report by Boston Retail Partners. While most retailers have been breached at least once, largely publicized data losses within the past year have brought to light the need for further security procedures. Establishing revamped systems can help prevent hackers from accessing client information and help retailers retain consumers’ trust. “To breach is to die. It is a brand killer and CEOs will lose their jobs,” said Ken Morris, principal at Boston Retail Partners , Boston. “Retailers are taking this risk seriously, as the negative impact of a data breach can be massive in terms of financial costs and, more importantly, the damaging affects on consumer perceptions and loyalty. “Simply meeting PCI compliance standa...

Full article: http://www.luxurydaily.com/payment-security-top-priority-...

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