Feeds

Firms are RUBBISH at payment security

One in five bothered to meet standards

Security for virtualized datacentres

Most retailers and other businesses are continuing to struggle with payment card industry standards, placing confidential customer data at a heightened risk of exposure as a result.

A Payment Card Industry (PCI) Compliance Report from Verizon found that just one in five (21 per cent) organisations achieved compliance during initial Payment Card Industry Data Security Standard (PCI DSS) audits. While the compliance situation has neither worsened nor improved compared to previous years, it is still "disappointing", according to Verizon.

Compliance requirements that organisations most struggled with included protecting stored cardholder data, maintaining security policies, tracking and monitoring access, and regularly testing systems and processes, all factors directly linked to protecting cardholder data.

Failure to achieve compliance means fines and increased transaction fees from the credit card brands, but complacency, overconfidence and other factors mean that many organisations who take credit card payments are continuing to struggle to make a passing grade.

Verizon's analysis come from the results of more than 100 PCI Data Security Standard assessments alongside information gathered in researching Verizon’s annual studies into real-world payment card data breaches. The assessments include data from organisations based in the US, Europe and Asia.

Security researchers at Verizon argue there's a direct correlation between data breaches and non-compliance. Breached organisations are significantly more likely to not be PCI compliant and are more likely to suffer from identity theft and fraud issues, it concludes.

"We had hoped to see more organisations complying with the PCI standard, since we believe that compliance will ultimately improve the security posture of organisations and in all likelihood lead to fewer breaches," said Wade Baker, director of risk intelligence, Verizon. "By reviewing this report, organisations can see where to focus their efforts and implement our recommendations for helping to accelerate PCI compliance. Our end goal is a safer credit-card environment for consumers and businesses," he added. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
NASTY SSL 3.0 vuln to be revealed soon – sources (Update: It's POODLE)
So nasty no one's even whispering until patch is out
Russian hackers exploit 'Sandworm' bug 'to spy on NATO, EU PCs'
Fix imminent from Microsoft for Vista, Server 2008, other stuff
Forget passwords, let's use SELFIES, says Obama's cyber tsar
Michael Daniel wants to kill passwords dead
FBI boss: We don't want a backdoor, we want the front door to phones
Claims it's what the Founding Fathers would have wanted – catching killers and pedos
Kill off SSL 3.0 NOW: HTTPS savaged by vicious POODLE
Pull it out ASAP, it is SWISS CHEESE
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.