The number and sophistication of cyber threats will continue to increase exponentially. Fueled by both geopolitics and economic incentives, international (and often state-sponsored) criminal organizations will escalate their development of offensive cyber capabilities.
Hypercom is expanding it payment data encryption to the other side of the world, with more than 1,200 retail branches in Indonesia making available its “HyperSafe Secure” “EFTSec” Server point-to-point payment data encryption system. The Hypercom “HyperSafe Secure” suite encrypts cardholder data during transaction processing with “EFTSec” starting at the payment terminal and ending at a trusted point where the data is decrypted. The “EFTSec” server is used by major banks with combined assets of nearly US$200 billion, and is licensed to and implemented by several major terminal manufacturers in Asia and protects an estimated 3.4 million card payment transactions every month while the “HyperSafe Secure” suite uses the proven industry standard Triple DES DUKPT algorithm and incorporates Hypercom’s full X509 public key infrastructure HyperSafe security layer in every Hypercom Optimum payment terminal.
Hypercom is expanding it payment data encryption to the other side of
the world, with more than 1,200 retail branches in Indonesia making
available its “HyperSafe Secure” “EFTSec” Server point-to-point payment
data encryption system. The Hypercom “HyperSafe Secure” suite encrypts
cardholder data during transaction processing with “EFTSec” starting at
the payment terminal and ending at a trusted point where the data is
decrypted. The “EFTSec” server is used by major banks with combined
assets of nearly US$200 billion, and is licensed to and implemented by
several major terminal manufacturers in Asia and protects an estimated
3.4 million card payment transactions every month while the “HyperSafe
Secure” suite uses the proven industry standard Triple DES DUKPT
algorithm and incorporates Hypercom’s full X509 public key
infrastructure HyperSafe security layer in every Hypercom Optimum
payment terminal.
While many Americans are willing to sacrifice some privacy for increase security, there is still a strong tide against the implementation of a smart card ID program. Interestingly, many consumers trust credit card companies more than the government. More than 40% of U.S. citizens are opposed to the creation of a national identification database to identify citizens and visitors to the United States, according to a recent survey. Only 26% of U.S. citizens agreed that such a database should be established, according to Gartner survey. Opposition to such a database was particularly strong in the southern, western, and midwestern regions of the United States. The survey also disclosed that among private institutions, banks and credit card companies are more trusted than any government agency where national ID administration is concerned. Among government agencies, the FBI ranked as the most trusted to manage a national identity database, followed closely by the Social Security Administration. Least trusted of the agencies suggested were state motor vehicle departments and the Internal Revenue Service.