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- February 7, 2007: New Techniques for Guarding Financial Data
- February 6, 2007: Increased Scrutiny From Card Associations in 2007
- January 28, 2007: The State of PCI Compliance 2007
- January 23, 2007: Background Checks on IT Personnel
- January 5, 2007: 100 Million Notifications of Data Breaches in US
- December 17, 2006: Inside Jobs: The Risk of Data Breach From Insider Threats
- December 12, 2006: Card Associations Step Up PCI Enforcement
- December 1, 2006: CompTIA Survey Emphasizes Importance of Security Training
- December 1, 2006: CompTIA Survey Emphasizes Importance of Security Training
- November 16, 2006: Average data breach costs $5 million
Credit Card Companies
FAQ
Helpful Sites
The State of PCI Compliance 2007
Ellen Messmer has written an excellent article in the 1/25/07 edition of Network World entitled “Credit Card Industry Struggles to Enforce Security Standard.”
Rob Tourt, vice president of network services at Discover, comments on the state of PCI compliance and admits that compliance is not widespread. “All the merchants are required to comply with the PCI data-security standards or face fines.”
Ms. Messmer writes that “Visa’s new approach calls for levying punitive fines on banks that fail to get their merchant customers to comply with the PCI standard….”
A very interesting fact is that, according to Visa, only 36% of level 1 merchants is PCI compliant and only 15% of level 2 merchants. Visa levied $4.6 million in fines in 2006.
Perhaps the most interesting part of the article is Ms. Messmer’s assessment that “The frequency of news about data breaches could soon put the card-processing business community in the hot seat with Congress. The new chairman of the House Financial Services Committee, Barney Frank (D-Mass.), voiced dismay earlier this month over the TJX breach, and his aides suggested he might consider legislation aimed at payment-card protection.”