Merchant out $30,000 and climbing due to data breach

Below is an article from the Kansas City Star. This merchant had a data breach where someone put in software that captured credit card information from patrons cards. These credit and debit card numbers were then used in other states for purchases. I was blown away by the statistic in this article that, IF, a data breach occurs in a business the average cost per transaction to a merchant is $204.00. Our company works with merchants on a daily basis that have 200 to 300 transactions a day. Imagine what that would do for a small to medium-sized business.

A ‘Russian roulette’ of risk results after data breaches