Every year, the number of cyberattacks rise and the number of records compromised soar, while the threat landscape continues to expand. The number of cards reissued and consumer dissatisfaction with a lack of payment and data protection has also grown.
Hit particularly hard have been petroleum and convenience stores (C-stores). With the mandate for EMV compliance and the fact that the petroleum space has been last in implementing payment security technologies, today’s hackers and fraudsters are now more than ever targeting this vulnerable sector. In fact, in 2019, Visa issued several bulletins on attacks targeting the point-of-sale (POS) at fuel dispenser merchants – recommending that merchants implement both EMV and point-to-point encryption (P2PE).