The Federal Trade Commission's review of how nine qualified security assessors scrutinize merchants' PCI compliance could be a sign that more federal oversight of payments security is on the way.
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.
Jeremy King of the PCI Security Standards Council explains why it has extended its compliance deadline for encryption updates aimed at phasing out SSL and TLS 1.0. But he stresses that merchants, processors and acquirers should not wait to make upgrades.
In the largest monetary award obtained by the FTC in an enforcement action, LifeLock has agreed to pay $100 million to settle a case that, in part, stemmed from the identity protection company failing to establish and maintain an information security program to protect customers' personally identifiable information.
In the age of payment card breaches, PCI compliance is a top priority for merchants and organizations that process electronic payments. But what difference does it make when its PCI compliance in the cloud? Steve Neville of Trend Micro shares insight.
As U.S. merchants shore up physical point-of-sale security by upgrading their terminals to accept EMV chip cards, attackers are turning their aim toward new, unattended targets. Here's the latest on how to respond to "shimming" attacks.
Even though the U.S. is migrating to the EMV chip, Visa is still stressing the need for merchants to comply with the PCI Data Security Standard, says Eduardo Perez, the card brand's senior vice president of payment risk, in this video interview.
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.
Policymakers must consider three factors before imposing sanctions in retaliation for state-backed hacks: Confidence in its attribution of responsibility, the impact of the incident and the levers of national power at a state's disposal.
PCI-DSS will remain a viable standard even after EMV, as well as encryption and tokenization, become more common, argues Jeremy King of the PCI Council. He acknowledges, however, that the standard will have to evolve in light of changes in the payment system.
The PCI Security Standards Council has just released version 2 of its point-to-point encryption standard. Jeremy King of the PCI SSC explains how this optional standard can complement PCI-DSS compliance.
At last week's payments security event at the Federal Reserve Bank of Kansas City, some merchants and industry experts said the PCI-DSS may soon outlive its usefulness. Find out about their concerns.
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.
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