Companies fear misuse but still use passwords for sale security

Companies fear misuse but still use passwords for sale security

While many companies are concerned with using passwords as security at the point of sale, according to a survey from DigitalPersona, more than half of the companies surveyed use them. Companies should invest in strong security safeguards and make sure they are following PCI compliance to ensure customer credit card safety in the retail or eCommerce world.

"Despite the overwhelming indication that fraud and theft are major business concerns for POS security, it's surprising that over half of businesses still use the least secure method of user authentication," said Jim Fulton, vice president at DigitalPersona. "The retail industry continues to be a victim of their own inaction - they know the use of passwords is a threat to their business, and yet will accept this situation despite the availability of cost-effective and proven alternatives."

The survey shows that 90 percent of the respondents ranked preventing fraud to be one of the most important aspects of sign-in methods. Companies should take the steps to properly secure data and make sure customers' cards and identities are safe.

Retail systems website said a system that follows PCI compliance restricts cardholder data, maintain point-of-sale security and protects cardholder data. This is important for any business that accepts credit cards.