Least Privilege is a security principle that limits access to only what is necessary for a user, system, or application to complete its task. In payment processing, this approach reduces the risk of fraud, data breaches, and unauthorized transactions by ensuring employees and systems have minimal access to sensitive financial information.
Why It’s Important
Implementing Least Privilege strengthens security by preventing unnecessary exposure of payment data. This practice helps businesses comply with industry regulations like PCI DSS (Payment Card Industry Data Security Standard) and protects customer transactions from cyber threats.
Secure Payments with Merchant First
Controlling access to sensitive payment data is crucial for reducing fraud and maintaining compliance. Merchant First provides solutions to help businesses safeguard transactions and streamline security.
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Related Terms & Synonyms:
- Role-Based Access Control (RBAC): Assigns permissions based on job roles.
- Zero Trust Security: Requires continuous verification for access.
- Access Control: A framework for managing user privileges.
- Principle of Least Authority (POLA): Another term for Least Privilege.