The Locksmith Journal Nov-Dec 2014 - Issue 35 | Page 24

PROUD SPONSORS OF THIS PAGE INDUSTRYNEWS ABUS 76/50 – The New Serviceable Padlock ABUS has added a new addition to its range of serviceable padlocks. Caption: ABUS New 76/50 Serviceable Brass Padlock. While many of the ABUS service options require specialist knowledge, the new 76/50 brass padlock complements, as a more economical solution, the current 86TI/55 that can both take any 30mm half euro cylinder, so padlocks can work with existing integrated key systems. The 76/50 features noncorrosive inner components, a hardened long steel 8mm shackle and solid 50mm brass lock body that accepts most 30mm half cylinders without requiring any conversion. Each padlock is individually boxed including full instructions for cylinder assembly. ABUS is confident that - with a RRP of £17.41 (excluding VAT) - the new 76/50 padlock offers good integrated security at excellent value for money. ‘excellent value’ For availability please contact ABUS UK. [email protected] British businesses pick up tab as more customer cards are hacked British businesses have paid out more than £878,000 in the last three years owing to hackers successfully accessing cardholder data according to figures from Worldpay, the UK’s leader in payment processing. Small businesses are the worst hit. Of those companies whose customer card data was hacked in 2013, 61% were small companies. Businesses in the electrical, hardware, and automotive industries have had more card data security breaches than any other, followed by pharmaceuticals, cosmetics, and clothing retailers. This cost, paid out to third parties who undertake forensic investigations into the fraud and make repairs, is the result of a wider problem facing businesses and consumers. Worldpay’s data shows that the number of credit and debit cards at risk from security breaches in the UK has grown by a staggering 1518% since 2012 – from less than 200,000 cards to more than 24 THE NOV/DEC 2014 ISSUE SPONSORED BY DAVENPORT BURGESS three million in 2013. At least 6.57 million cards have been put at risk over the past three years. Worldpay’s MD, Dave Hobday says, “Card payments and online purchases are becoming the norm as we move towards a cashless society, but with this comes an increasing degree of risk. While most large companies are strengthening their safety measures, there’s been only a marginal improvement amongst small businesses. ‘there’s been only a marginal improvement amongst small businesses’ “Fraudsters go after low-hanging fruit. Small businesses are easy prey, so it’s a real worry so many small businesses still don’t see the value in compliance. If we want to see genuine change, it’s important we support small business owners. A data breach can be financially crippling – just the investigation alone can cost thousands of pounds, not to mention fines and loss of reputation. Knowing the risks and practicing good security will protect you and your customers in the long term – and that has to be a good thing.” Best practice tips: There are no guarantees against hackers but Worldpay says taking these steps will help reduce the risks. • Make sure you meet the industry standard for keeping card data secure. • Take security seriously and learn how you store and send card data. • Unless you know exactly what you’re doing with online payments, ask an expert to do it for you. • Don’t store any data you don’t need to – it’s more risky. www.worldpay.com To read more, visit www.locksmithjournal.co.uk