26 April 2024 Bethany Hancock, CUBO Communications Officer
Cybersecurity has never been more important for student housing teams and educational institutions, especially regarding payment data. In the United States, losses due to cybercrime surpassed $12.5 billion last year, a 22% increase from 2022 according to Proofpoint. An increasing reliance on digital tools handling vast amounts of sensitive payment data has expanded the attack surface for cyber threats, making it essential to ensure the security of remote connections, devices, and online tools.
With credit card fraud, identify fraud and stolen data on the rise, meeting the highest security standards has never been more critical. One of those security standards, the Payment Card Industry Data Security Standard (PCI DSS), should be a core component of any housing operation’s security protocol. However, understanding what PCI DSS is and its evolving requirements can be daunting.
In their recent article, our partners Starrez explore 5 key questions surrounding cybersecurity and PCI compliance in student housing. Read the full post here on their website.