Debit and credit cards are now the primary form of retail payment. One source estimates that 60 percent of all retail transactions involve a payment card – far surpassing cash or checks as the preferred method of payment. Most retailers do not realize, however, that by accepting credit cards, they expose themselves to the risk of a data security breach and significant potential costs and legal liabilities. David Zetoony and Courtney Stout’s whitepaper, Credit Card Data Breaches: Protecting Your Company from the Hidden Surprises, explains the key risks that a retailer faces following a data security breach of its payment card systems as well as the potential for addressing some of those risks through the purchase of cyber-insurance.

The whitepaper is divided into two parts with the first part assessing the risk to a retailer from a credit card data breach and the second addressing insurance coverage gaps…..ccdatabreach