Feeds

Firms are RUBBISH at payment security

One in five bothered to meet standards

SANS - Survey on application security programs

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. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.