Friday, May 10th, 2019
Dr Henry Pearson has recently been appointed as the UK’s new Cybersecurity Ambassador by the Department for International Trade (DIT). What about the security of your payments being processed? Are you interested in working with a reputable merchant-services provider like Universal Transaction Processing? This article will help you with all these.
Secure Payment Processing: Universal Transaction Processing
The way consumers make payments has completely changed over the years. Physical money is no more king: now, it’s all about digital payments and transactions. Increasingly, digital payments are gaining traction all over the world, thus making cybersecurity issues even more important globally.
Overall, the immense popularity of digital and mobile-banking services is transforming the entire industry. As a result, the traditional use of cash is decreasing.
As of March 2019, 4.38 billion people worldwide have access to the internet. The concern over cyberattacks forces government agencies to regulate the field so it’ll be easy to avoid any further attacks. The European Union’s General Data Protection, and the New York Department of Financial Services are 2 regulations of this kind.
So, it’s no surprise that payment processors are doing their best to develop faster platforms with their security software within the system to protect their consumers. Did you know that the world cybersecurity as a service market made up USD 28.89 billion back in 2017? This was 2 years ago: now, the number is growing rapidly.
Today, cybersecurity makes up an incredibly important part of any industry. After all, the network environment is becoming more complex, advanced technologies are becoming more widespread, and the IT infrastructure is growing with striking advances.
Given, cyberattacks have increased significantly over the last years, it’s vital for merchants to prevent payment-processing fraud. Consider working with a respectable payments-comparison company like Best Payment Providers in the UK, which is dedicated to helping merchants find the most secure, cheapest, and the most advanced merchant services in the country.
Best Payment Providers reviews contracts, rates, and fees of processors, including Universal Transaction Processing, so you get the best deal. With Best Payment Providers, you can be sure to never deal with hidden costs, and deceptive sales tactics.
Role of UK Cybersecurity Ambassador
Dr Henry Pearson has previously worked as an adviser for GCHQ’s National Cyber Security Centre (NCSC), the Ministry of Defence, and BAE Applied Intelligence’s Detica. The role of the newly appointed ambassador is to promote the cyber capability of top British companies in the markets overseas.
As for the NCSC, it became operational in October 2016 and aimed to ensure a single entity for national cybersecurity. The NCSC’s main focus is on the most critical cyber incidents that may affect the country.
According to Dan Pitman, Alert Logic’s principal security architect, regardless of what political or socioeconomic changes the country is faced with, it’s great to have a person in government focused on cybersecurity.
To sum up, the UK is strengthening its efforts in fighting cyberattacks. Henry Pearson is named as the UK’s new Cybersecurity Ambassador. Turn to a true payment expert to find the best fraud- prevention techniques in the payments field.