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PCI

PCI: The payment card industry (PCI) denotes the debit, credit, prepaid, e-purse, ATM, and POS cards and associated businesses. The term is sometimes more specifically used to refer to the Payment Card Industry Security Standards Council, an independent council originally formed by American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa International on Sept. 7, 2006, with the goal of managing the ongoing evolution of the Payment Card Industry Data Security Standard.  (Source: The Free Dictionary)

10% of all IT Security to be Delivered in the Cloud by 2015


Section: News
The cloud-based security technology industry will account for 10% of all IT enterprise security by the year 2015, according to the latest research from Gartner. Cloud is driving changes in the market landscape around a number of key areas, such as secure email and web gateways and it’s thought that by 2016, the cloud-based security services market will be worth around $4.2bn. "Demand remains high from buyers looking to cloud-based security services to address a lack of ...   read more

12 Steps to becoming PCI Compliant


Section: Articles
The Payment Card Industry Data Security Standard (abbreviated to PCI DSS or commonly, just PCI) is a set of 12 requirements designed to secure and protect customer payment data. These 12 requirements of PCI DSS compliance can be quite daunting for any merchant. These are listed below:   Build and Maintain a Secure Network  read more

A fifth not PCI compliant, says Gartner


Section: News
Gartner has found that almost a fifth of firms are not compliant with the Payment Card Industry (PCI) Data Security Standards (DSS). The research specialist believes that the gap is hugely surprising considering the importance placed on PCI DSS compliance by tech firms.Lawrence Pingree, research director at Gartner, said that it was clear from the survey results that security solution providers n ...   read more

An Introduction to becoming PCI Compliant


Section: Research
This white paper discusses the background of the Payment Card Industry Data Security Standard (PCI DSS), its commercial and technological implications. It includes a case study of implementing the PCI DSS Standard and how this experience could help you to reduce lead times, lower audit costs and reduce infrastructure expenditure for your own business’s PCI compliance programme. Every merchant that processes card payments and retains card payment d ...   read more

Businesses struggle to comply with PCI standards, study shows


Section: News
Too many businesses are putting consumers' confidential information at risk because they are struggling to comply with the Payment Card Industry's (PCI) data security standards. A recent audit conducted by Verizon showed that just 21 per cent of 100 organisations met the necessary PCI criteria. Placeholder0According to the report, companies fell particularly short on pro ...   read more

Cloud firms publish PCI DSS best practice guidelines


Section: News
Members of the Payment Card Industry Data Security Standard (PCI DSS) Virtualization Special Interest Group - which includes Cisco, VMware and Trend Micro - have published a new reference guide for businesses that wish to ensure their cloud-based architecture complies with PCI DSS 2.0.The guidance is based on new regulations that cloud computing service providers are expected to adhere to in the new year and could help formalise a global approach toward things like cloud security - a pro ...   read more

How to take the Pain Out of the PCI Process


Section: Research
PCI DSS is about preventing card payment information held by merchants, or other third parties, from being used fraudulently and all the consequential financial and reputational losses associated with this.   In this White Paper, you will learn: How to streamline the PCI process How to choose the right partners for PCI compliance The ...   read more

Join the Phishing Evolution - Online Fraud Report


Section: Research
Today, most Internet users have heard about phishing or have already been affected by phishing to some extent. And while the term phishing has been discussed since as early as 1996, the world has not been able to rid itself from this phenomenon. Phishing is still easily one of the top threats on the Internet; it's direct and indirect costs tax the global economy with billions of dollars in fraud losses every year. ...   read more

Lack of PCI encryption in retail is alarming


Section: News
The lack of financial data encryption in the retail industry may force the security industry to refocus its efforts. According to SecurityMetrics, 71 per cent of sellers stored their customers' credit card and debit card information in an unencrypted format this year.This represents an eight per cent increase on 2010 figures - an alarming rise considering the lack of encryption is in direct contravention of the Payment Card Industry read more

PCI compliance and the public cloud


Section: Articles
Public perception of how safe credit card and identity information is when placing an order over the Internet has swung from outright suspicion and fear, to acceptance. Internet transactions are at an all-time high especially during the holiday season, and the relatively new phenomenon of "Cyber Monday” has catapulted Internet commerce to the point where merchants now depend ...   read more

Protecting Sensitive Data is Number One Security Priority


Section: Articles
With an explosion of data breaches in recent years, the protection of sensitive information has become a top priority for security organisations worldwide. According to the Privacy Rights Clearinghouse, more than 535 million records have been breached in 2,651 incidents made public since 2005.1 Attackers have targeted virtually the entire gamut of sensitive content, from personal financial account data to intellectual property and high-value information of concern to the most senior lev ...   read more

The commercial implications of PCI


Section: Articles
Ultimately there is no escape from PCI. Whether you are a sophisticated multinational retailer or a small business that accepts card payments – online or offline, it is widely expected that much more rigorous enforcement will be commonplace from 2012.   Technologies and strategies for dealing with PCI are still catching up, although technolog ...   read more

What is PCI?


Section: Articles
Every merchant that processes card payments and retains card payment details must adopt the Payment Card Industry Data Security Standard (PCI DSS).  Failure to do so can result in merchants being subject to substantial fines, higher transaction costs or ultimately the suspension of banking facilities.   A single retailer, or merchant, can process millions payment card transactions each year. If an unauthorised route is found into that merchant’s ...   read more

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