Managed Hosting News

 Monday, 23rd March 2009, 14:20:00

Businesses 'need to step up their online security'

Businesses 'need to step up their online security'

New figures have revealed that online businesses are opening themselves up to credit card fraud by failing to take adequate security precautions.

Although many companies are turning to shared data schemes under virtualisation and cloud computing to boost the security of their data, some are ignoring the problem.

It is those businesses which are likely to suffer as a result of the crime, fraud prevention specialist the 3rd Man has claimed.

The firm's managing director and fraud expert Paul Simms explained: "It is only those businesses who are failing to take suitable precautions which are being worst hit."

The Ponemon Institute recently supported the comments made by Mr Simms, adding that too many businesses are ignoring the serious threat posed to their online data.

Senior privacy analyst at the institute Mike Spinney claimed that some are operating under "a cloud of disbelief" that they could ever be targeted.

This comes after credit card group Apacs revealed that credit card fraud rose by 243 per cent, accounting for losses of £328.4 million in 2008 alone.

High Availability, Highly secure Managed Hosting SolutionsADNFCR-1984-ID-19086682-ADNFCR

Categories:  |  Security  |  

Related Headlines:

 12-02-2009: Web 2.0 security targeted by IBM

 10-02-2009: Expert warns against asking security services for gambling website tips

 03-02-2009: Hostway: Dot tel won't have major spam impact

 28-01-2009: Internet security chiefs 'turn the tide' against spammers

 20-01-2009: Website security "a priority"

Previous Headlines:

 23-03-2009: IBM to host Lloyd's Exchange messaging service

 23-03-2009: IBM to host Lloyd's Exchange messaging service

 20-03-2009: Virtualisation 'is important for data backup security'

 20-03-2009: User profiling 'is a big part of ecommerce'

 19-03-2009: Managed hosting to grow in popularity?

Meet the News Team...

CALL: 0808 180 1880

or just email our Sales Team if you have any questions about any of Hostway’s services.

News Categories:

Read the latest headlines from these selected categories...

News Archives:

Previous headlines...

* All prices exclude VAT where applicable. All plans, packages and offers are subject to terms and conditions of sale available on the site.

© Hostway Corporation. All rights reserved.

A global web hosting leader, Hostway has strategic locations in the United States and Europe, including the Netherlands, Belgium, France, Romania and Germany, as well as Korea, India, and Australia.