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KPMG assesses leading international initiatives to secure payments systems, and a way forward for Australia Securing our payments future kpmg.com.AU
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Step 1: Start by researching and understanding the current payment security landscape.
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Step 2: Identify potential vulnerabilities and risks in your payment processes.
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Step 3: Implement strong authentication measures, such as two-factor authentication, to protect against unauthorized access.
04
Step 4: Use encryption to secure sensitive payment data both in transit and at rest.
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Step 5: Regularly update and patch all payment systems to address any known security vulnerabilities.
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Step 6: Train your staff on payment security best practices, such as identifying and reporting potential scams or phishing attempts.
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Step 7: Monitor and analyze payment activity for any suspicious or fraudulent transactions.
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Step 8: Consider partnering with a trusted payment security provider who can offer advanced security features and expertise.
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Step 9: Continuously review and improve your payment security measures to adapt to evolving threats and technologies.

Who needs securing our payments future?

01
Businesses that process online payments need to secure their payment future to protect sensitive customer information.
02
Financial institutions, such as banks and payment processors, require robust payment security to prevent fraud and ensure customer trust.
03
E-commerce platforms and online marketplaces must prioritize payment security to safeguard transactions and maintain a reliable reputation.
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Consumers also benefit from securing our payments future, as it helps to prevent identity theft, unauthorized charges, and other fraudulent activities.
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Securing our payments future involves implementing security measures to protect our financial transactions.
All businesses that process payments electronically are required to file securing our payments future.
Securing our payments future can be filled out online through the designated platform provided by the regulating authority.
The purpose of securing our payments future is to ensure the safety and security of electronic payment transactions.
The report must include details of the security measures in place, potential risks, and strategies for mitigating those risks.
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