How Affinity24 Approaches Fraud
Encryption / Tokenization
We make it virtually impossible for cyber criminals to steal confidential data by scrambling information from/to the terminal.
We equip businesses to be able to accept some of the safest forms of payment, such as the EMV chips and NFC.
$100K Liability Coverage
In the unlikely event of a data breach, businesses get a liability waiver (which is up to $100,000 for association costs and fines).
We make sure merchant is up to industry standards in accepting credit cards. Not only do we assess compliance levels with a fast and easy questionnaire, we also dedicate a specialist to call for security questions or concerns.
Fraud Costs Big $
There are currently 58 records being stolen per second.
Only 4% of these breaches are being “secured” where encryption was used and the stolen data was considered useless.
What That Means for Businesses Owners
If a Business Is Impacted by a Data Breach, They Could Suffer Significantly
Cost $5k – $50k
LOSS OF CONFIDENTIAL BUSINESS INFORMATION
REMEDIATION OF BREACH
Card & Identity Re-Assessment, Notify Cardholders
Risk to Reputation: Damage to the Brand
31% of customers TERMINATED their relationship with the business
$36,000: Average PCI fine of a data breach for small business
90% of breaches impact small business