2. Intro
Every year, hours and dollars of individuals are wasted for the damage
created by fraud, hack and breach. We often come across such news
headlines that are pointing towards the frauds taking place related to
merchant services. Consumers have to take precautionary steps regarding
hacks, breach and frauds taking place in the companies by understanding
the difference among these terms thoroughly:
3. BREACH
Breach is basically an action of stealing the sensitive and protected data of
one’s entity by an unauthorized person reaching to it by unethical means
and practices. The sensitive data of a company is comprised on the taxes,
financial records, personal data or any other data that can result in a
damage for the organization when disclosed.
4. HACK
When a computer or personnel gets hacked this means the person is
getting an unauthorized access to someone’s network, personal accounts,
or computers. Hacking is one of the most alarming act for any
organization that can affect the company’s integrity and level. Many
companies set security and password for the prevention of company’s data
from hacking.
5. FRAUD
Misrepresentation of information by any person or having an approach to
the personal information of any person which is misused later to
misrepresent themselves mostly for a financial or personal gain. Fraud
eventually occurs when a breach or Hack had already taken place where
card numbers and sensitive information is being stolen by hackers. The
fraud is recognized when the card holder notice some changes in their
accounts and numbers, the steps are taken to prevent from fraud in future.
ViennaPay serves as one of the most secured and protected payment
service that keeps the personal information of its customers safe and
secure