Electronic Payments And the Cyber Security Threats Involved

Electronic payments might pose to be a cybersecurity threat despite the stringent regulations in place. The attacks might be of different kinds that are as listed below:

1. Advanced Persistent Threats (APTs)

In this type of cyber attack, the employee receives an e-mail to download software, which might be used to phish all sensitive information and it might go unnoticed for a while.

2. Internal Threats

When someone who has access to confidential information, they might use it to cause damage to the payment processing software and might result in credit card fraud.

3.Distributed Denial of Service Attacks (DDoS)

The credit card payment processing software will be flooded with fake requests, due to which the performance of the system goes down to an extent where it will not be able to handle real transactions as well.

4. Supply Chain Breaches

When the hardware or software and its associated network is not secure, it might lead to the system being compromised, resulting in a cybersecurity threat.

To overcome the above-mentioned threats, you will have to secure your payment processing from all perspectives, which is where UniPay can help you. Our highly secure and proven system will ensure that your credit card payment processing software will be safe at all times! 

Learn more on cybersecurity in electronic payments at #UniPayGateway.