TLS Encryption Upgrade: What Is It and Why Does Your Business Need It?

Are you still using SSL or early TLS? To stay PCI compliant, it’s important to complete the mandatory TLS encryption upgrade.

This new protocol will improve data privacy and protect secure communications.

It’s no secret that technology is constantly changing.

For business owners like yourself, this means keeping up with the latest security standards and reducing the risk of attacks.

That’s why the Payment Card Industry (PCI) Security Standards Council announced that existing protocols will get a mandatory TLS encryption upgrade on June 30, 2018.

This is awesome news for digital card payments, especially as online shopping continues to grow.

However, if you haven’t completed the transition, you might want to listen up.

Your business is at risk.

 

What is the point of the upgrade, anyway?

The current encryption protocols are so yesterday.

Secure Sockets Layer, or SSL, has been around for 20 years.

It was superseded by Transport Layer Security, or TLS 1.0, in 1999.

But unlike fine wine, these systems don’t get better with age.

Because SSL and early TLS are widely used, they are major targets for attackers who can decrypt sensitive information.

They’re also full of vulnerabilities that can’t be fixed, according to the PCI Council.

Yet, this technology was designed to protect sensitive data and communications in the first place.

Let that sink in for a second.

 

The new protocol will only help your bottom line.

To meet PCI standards, SSL and TLS 1.0 should be disabled and updated to a more secure protocol: TLS 1.1 or 1.2.

Here is how this TLS encryption upgrade will affect your business:

  1. Stronger data privacy.
    SSL and early TLS are full of weak spots.
    It’s easy for bad guys to snatch private data and decode encrypted messages, a move known as a “man-in-the-middle attack.”
    The modern protocol will strengthen these vulnerabilities.
    This will enhance the way secure data is transferred, giving you and your customers an extra layer of protection.
  1. Protected existing data.
    SSL and early TLS are no longer considered examples of strong cryptography.
    In other words, these protocols can’t safeguard keys and algorithms like they used to.
    Important data such as stored cardholder information is now susceptible to decryption attacks.
    The PCI Council also shares that it’s possible for attackers to completely steal these keys.
    With the latest encryption upgrade, long-lived cryptographic keys will have more protection and support – just as they should.
  1. Uninterrupted payment processing.
    If you want to accept and process payments, your system needs to support the new protocol.
    And let’s be real… what company doesn’t want to make money?
    Completing the upgrade ensures that your payment processing services aren’t interrupted.
    In fact, modern web browsers have already started blocking servers that haven’t migrated to the modern protocol, so it’s a good idea to take action.
  1. Higher customer confidence.
    When you adopt the latest technology, customers are more likely to trust you.|
    Remember, they’re choosing to send you sensitive data, so it’s worth making them feel comfortable while doing so.
    The encryption upgrade handles their information with care and improves your ability to process payments Ultimately, it’s a win-win for everyone.
  1. Continuous PCI compliance.
    It’s no surprise that completing the PCI Council’s mandatory update will also keep you PCI compliant.
    Aside from improving customer trust, staying PCI compliant boosts your security status and operational efficacy.
    This will also reduce the risk for a data breach (and the fines that come with it).
    If that’s not an incentive, then we don’t know what is.

 

The stakes are high, but it’s a lot to handle when you’re running a business.

Today, SSL and early TLS are holey moth-eaten sweaters that can only be saved by an upgrade.

How about we patch things up?

Besides, we know that you have a lot on your plate.

Let us take care of the logistics so you can keep doing your thing.

At MyWatchmen, the team will help you complete the TLS encryption upgrade without an ounce of stress.

We’ll also make sure that your business is ready to handle new threats, protect customers, and stay PCI compliant.

Your bottom line is our priority.

Ready to get down to business? Give us a ring at 1-888-256-2845 or schedule a time to chat.

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