Why companies need a two-step plan to secure credit card transactions

It’s the latest in a long line of cybersecurity incidents involving a well-known brand: In April, Chipotle Mexican Grill notified customers that it detected "unauthorized activity" on a credit card payment processing system. This put the restaurant chain in a position no company wants to be in -- recommending that customers "closely monitor" their bank statements for unauthorized charges. With the incident, Chipotle joins the ranks of high profile organizations that have suffered breaches of their payment processing networks. The impact proves damaging: A study from the Federal Reserve Bank of Boston found that only 35 percent of consumers believed… [Continue Reading]