On June 2, 2020, I posted on the NetSPI Executive Blog.
Online Shopping Behavior and E-Commerce Transformation
By this point it’s clear that organizations and every individual has to make changes and adapt their day-to-day activities based on the weeks of lock-down that everyone has faced due to the Coronavirus.
All of a sudden, there’s a surge of people using mobile applications and online payments to order food, medicine, groceries, and other essential items through delivery. Due to social distancing requirements that are in place, the interactions between retailers and consumers have shifted drastically. We all know that people are heavily dependent on their mobile devices, even more so today than ever before. New studies show that “72.1% of consumers use mobile devices to help do their shopping” and there’s been a “34.9% increase year over year in share of consumers reporting online retail purchases.”
Businesses have been drastically impacted during the pandemic, and they’re also adapting to be able to conduct business online more than ever before. In these efforts, there’s been an increase in using online payments through the use of credit card transactions because they are preferred since they’re contact-less compared to cash transactions (which add a higher likelihood of the Coronavirus spreading through touch).
Given the increased use of online credit card payments, organizations need to ensure that they’re compliant with the Payment Card Industry (PCI) Data Security Standard – referred to as PCI DSS. The current version of the PCI-DSS is version 3.2.1 which was released in May 2018.
Read full post here: https://www.netspi.com/blog/executive/security-industry/e-commerce-trends-during-covid-19-and-achieving-pci-compliance/