The growth
rates of online payment solutions are relatively steady over recent years.
However, occurrences of digital payment frauds, both card and online, are also
on the rise. There are many types of cyber-attacks, that can be destructive in
nature. The attacks become sophisticated day by day. And only a trusted payment
partner like Payment Asia can provide you
with the most secure payment technology. Read on to know some of the common
cyber security threats that can affect payment solutions.
Denial of Service Attacks (Dos) and Distributed Denial of Service attacks (DDoS)
In a DoS
attack (Denial of Service), a network or application is made unavailable to the
users owing to resetting or flooding the target resources. It may be done by
old school hackers who focus to pursue a personal belief or others with an
objective of financial gain. Sometimes, these kinds of attacks are used to hide
other attacks. In Distributed Denial of Service attacks (DDoS), the attack is
on a single target but it may affect multiple systems. There are three types of
Dos or DDoS attacks. A flooding attack constitutes blocking access to a system
by exceeding the available bandwidth. Opening too many communication sessions
by sending data packets to lead to blocks and overflows is called a protocol
attack. In an application layer attack, an error is exploited to implement a
protocol that crashes a particular server. These attacks cost the customers
their time and money as they will not be able to access their resources until
corrected. The secure systems of Payment Asia offer
innovative technology for its customers. Always opt for a trustworthy payment
partner for smooth operations.
Phishing
and Social Engineering
In
phishing, attackers usually disguise themselves as legitimate and trusted
groups. They will try to get sensitive information like usernames and passwords
with deceiving intents. Social engineering involves tricking you into
inadvertently carrying out tasks disclosing sensitive information. These
activities try to exploit a person's natural inclination to trust. Get in touch
with Payment Asia’s Kenneth for more
details on how to avoid this kind of attack.
Malware
Attacks
Malware
attacks usually take advantage of weaknesses in websites, third party software
or operating systems. This malicious software tries to gain control of the
target's devices and steals valuable information. Always opt for reputed
payment gateway providers like to avoid such risks. Be careful while using your
systems too. Payment Asia holds their compliance
with security regulations to protect customers' data. Moreover, its innovative
technology makes sure that the product is stable and trustworthy.
