This week's top news and views: The arrest of 53 suspects charged with a sophisticated identity theft and fraud scheme gets the attention of federal agents, and the message from the PCI Security Standards Council's annual North American Community Meeting: "Stolen Credit Card Information Is a Commodity That Has Worth."
Here's what you'll find in our review of some of BankInfoSecurity.com's most compelling content from the past week:
- An ID theft enterprise that included at least 53 suspects who now have federal charges against them, was busted for allegedly stealing the identities of U.S. citizens to open credit cards and take out bank loans. The sophisticated crime highlights the need for stronger U.S. consumer-privacy-protection laws;
- The Payment Card Industry Security Standards Council's Community Meeting this week in Orlando, Fla., showcased, among other things, why the fight against international crime rings is a topic of hot discussion; and
- Emerging payments technologies, such as tokenization, are already being deployed in the marketplace, but standardization, as it relates to the security of some of these emerging solutions, is lacking. During the PCI Community Meeting in Orlando, Troy Leach, the PCI Council's security standards architect, explains why the PCI Council has taken an interest in emerging technologies.
Please listen to this roundup, and check out all of the week's news and views on BankInfoSecurity.com.