Dangers of Website Payment Processing Security Lapses

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.