Another significant threat to businesses is backdoor scams in merchant payment processing, especially for businesses that rely on online transactions. These scams involve unauthorized access to a business's payment gateway, allowing fraudsters to steal sensitive financial information and potentially redirect funds to unauthorized accounts. Not only could scams like this affect the business financially, but they can also negatively affect its reputation.
If you think your payment processor has opened you up to such backdoor scams, you need to hold them accountable. Contact Sigal Law Group today for a free consultation.
What is a Backdoor Scam?
Backdoor scams occur when a hacker or fraudulent merchant service provider alters a business's payment gateway's source code to gain unauthorized access. This “backdoor” access allows the scammer to capture sensitive customer data, such as credit card information, and use it for fraudulent transactions. The scam can be executed by a third party or even an insider with access to the payment system.
How a Merchant Processing Litigator Can Help
The best way to ensure your business is protected against backdoor scams is to conduct frequent audits of your payment processing systems to mitigate any vulnerabilities you may have. Hiring outside security providers to perform regular scans for malware and unauthorized code changes can be a huge help.
Additionally, it is important to choose a PCI-certified payment processing company to partner with. The Payment Card Industry Data Security Standard certification indicates that the payment processing company follows strict security protocols. You will also want to monitor for chargebacks and unusual transaction patterns and make sure your team is trained to recognize phishing attempts and other tactics that could lead to a backdoor breach.
However, if you feel like your payment processing provider has left you open for backdoor scams, you need to contact a competent and experienced merchant litigation team immediately. The merchant processing litigators at the Sigal Law Group understand how overwhelming these kinds of issues can be for businesses. They will work diligently to ensure you understand your case, possible outcomes, and how to pursue compensation. Contact Sigal Law Group today for a free consultation.
