What Are the Risks of Not Ensuring Secure Payment?
Failing to ensure secure payment can have severe consequences, including:
Data Breaches: Unauthorized access to customer information can lead to data breaches, exposing sensitive information such as credit card details. Loss of Trust: Customers are unlikely to engage with a brand that has a history of insecure transactions. Legal Penalties: Non-compliance with regulations like PCI DSS can result in hefty fines and legal repercussions. Financial Loss: Both businesses and customers can suffer significant financial losses due to fraud and chargebacks.