Los Angeles, California (pressreleasepower) March 9, 2020 - The technology insurance brokers at MFE Insurance released a blog educating business owners on how to protect their business from credit card skimming. Skimming, a type of credit card fraud, can damage both businesses and their customers.
Credit
card fraud and related data breaches can cost small businesses tens of
thousands of dollars during the recovery process. As fraud becomes
easier to accomplish thanks to digital tools, businesses must remain
alert against vulnerabilities to avoid unnecessary spending. Protecting
your company can not only save you thousands of dollars and ensure your
continued operation, it can also keep your customers and neighbors safe
by alerting them of suspicious activity on their cards that they may not
have noticed as quickly. By acting cautiously and retaining the right
resources, you can guard against credit card skimming at your business.
Small
businesses can take several precautions to minimize the possibility of
credit card skimming. First, be sure you are equipped to accept EMV chip
cards, which contain additional security to help prevent fraud. If you
take payments online, invest in secure software that allows you to
safely accept and store information related to these payments. Several
online shopping habits, such as orders shipped to one address but made
on multiple cards, can be signs of fraud as well. Create a routine for
onsite transactions that includes checking customers' IDs, using an
Address Verification Service, and other precautions to limit
questionable purchases. Whether it occurs online or in person, report
skimming as quickly as possible to help prevent theft and keep your
business safe.
Technology insurance can help you in the event of
credit card skimming, data breaches, and more by providing funds for
investigations, legal fees, and other payments. For more information
about credit card skimming and how technology insurance can help your
company, speak to the experienced technology insurance brokers at MFE
Insurance. MFE provides comprehensive insurance packages designed to
meet your business's unique needs. Call MFE Insurance directly at
213-226-7990 or contact them through the firm's website.
MFE Insurance is headquartered at 811 W. 7th Street, Los Angeles, CA
90017 and provides insurance to organizations across the country.
###
| Company Name | Contact Person | Contact Number | Email Id | Website | Address |
|---|---|---|---|---|---|
| MFE Insurance | -1 | mfeinsuranceca@gmail.com | https://www.mfeinsurance.com |
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