There's often a dangerous trade-off made between convenience and security. That's illustrated no better than by a recent issue patched by Microsoft. It's an attack so devilishly smooth that it's a wonder hackers had not figured it out before.
The release this week by the PCI Security Standards Council of a new PCI compliance resource for small merchants is being lauded by the banking and payments community. But how effective will the resource be at actually convincing merchants to move forward with PCI compliance?
Achieving international acceptance of PCI-DSS is an ongoing challenge, says Jeremy King, international director of the PCI Security Standards Council, who's working to educate merchants about baseline security that goes far beyond cardholder data protection.
As we prepare to mark the tenth anniversary of the PCI Security Standards Council, it's time to assess the impact PCI-DSS has had on payments security and consider whether it will remain a viable standard 10 years from now. A series of upcoming reports will address these topics.
Five new payment card data security requirements for third-party service providers are among the most significant changes included in version 3.2 of the PCI Data Security Standard released April 28, says Troy Leach of the PCI Security Standards Council.
The PCI Security Standards Council envisions a single, globally-unified data security standard. Now that the European Card Payment Association is a strategic regional member, that goal is significantly closer, says Jeremy King, the council's international director.
The PCI Security Standards Council will soon release an update to its PCI Data Security Standard, requiring the use of multifactor authentication for administrators who have access to card data networks. In an interview, the council's Troy Leach explains the new requirements and compliance expectations.
A lawsuit filed against security firm Trustwave is raising questions about "PCI Professional Forensic Investigators" and how they are monitored by the PCI Security Standards Council. But experts say the onus is on companies, not the council, to ensure their security practices are adequate.
The recent data breach at U.K.-based telecom company TalkTalk illustrates that breach risk mitigation is a critical issue worldwide. PCI's Jeremy King, who will be a featured speaker at ISMG's Fraud Summit London on Oct. 27, explains why European data security is getting more scrutiny.
If the Chinese government hacked the U.S. Office of Personnel Management for espionage purposes, then the U.S. government's $133 million contract to provide ID theft monitoring services is a waste of money. Instead, the agency could have used the funds to safeguard its systems against future attacks.
Prosecutors love to tell judges that sentences for hackers and cybercriminals must be strong enough to deter future such crimes. But as the case of Silk Road mastermind Ross Ulbricht shows, they've failed to make the case for deterrence.
Five best practices noted in version 3.0 of the PCI Data Security Standard will become requirements after June 30, with remote access and third-party risks the key focus - particularly for smaller merchants.
The PCI Council has just released PCI DSS 3.1, which calls for mothballing the SSL encryption protocol. What do security leaders need to know about the revised standard? Troy Leach of the council offers insights.
The PCI Security Standards Council has published a new version of its data security standard that calls for ending the use of the outdated Secure Sockets Layer encryption protocol that can put payment data at risk.
Troy Leach of the PCI Security Standards Council says data security standards are not failing; they just aren't being applied continuously. And conformance with the Payment Card Industry Data Security Standard is just one piece of the puzzle.