hacker, cyber crime (Pixabay)

Kaspersky Lab Joins Forces with Merchant Risk Council

As part of its mission to tackle online fraud, Kaspersky Lab has become the latest company to join forces with the Merchant Risk Council as Premier Solution Provider. The move further demonstrates Kaspersky Lab’s commitment to helping online retailers and eCommerce businesses protect themselves and their customers from fraudsters.

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Businesses Turn Their Backs on Banks That Lack the Right IT Security

Over two-thirds of companies prefer to bank with a provider who has a solid security reputation, according to a Kaspersky Lab survey. Those banks that make security a priority and take every effort to ensure measures are in place to safeguard against online financial fraud will have an advantage, when it comes to retaining existing customers and reaching new ones.

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Brand Reputation Costs $200,000 to Repair

Over half (57%) of companies admit that the information security incidents they experienced in the last year had a negative impact on their reputation. The average cost incurred per incident by small and medium-sized businesses was more than $8,000, while the damage to enterprises exceeded $200,000.