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Breach trends drive PCI DSS update
The PCI security standards council (PCI SSC) has published an update to its global data security standard. PCI DSS Version 3.2 replaces version 3.1 to address growing threats to customer payment information. “We’ve seen increase in attacks that circumvent a single point of failure, allowing criminals to access systems undetected and to compromise card data,” [...]
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New data security standards published
Following various high-profile encryption protocol vulnerabilities, the PCI Security Standards Council has published an out-of-schedule update to the PCI Data Security Standards (PCI DSS) and Payment Application Data Security Standard (PA-DSS). Versions 3.1 of the PCI DSS and PA-DSS were effective on publication —15 April 2015 and 1 June 2015 respectively. This marks a change [...]
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Card fraud increases as stolen cards used once every 20 seconds
British businesses were hit by card fraud once every 20 seconds in March, with Worldpay warning that small businesses are likely to have been hackers’ biggest targets. Worldpay saw over 133,000 fraudulent transactions worth £10 million reported in March alone, leaving businesses out of pocket as fraudsters purchased goods and services using stolen card details. [...]
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Relentless rise of ID fraud
Experian has revealed that fraud detection rates have increased during the past year*, with around 50 frauds now being detected per 10,000 cases during Q4 2014 – compared to 40 frauds detected per 10,000 cases in Q4 2013. Experian’s annual fraud report also reveals a marked shift in the level of third-party or identity theft – when [...]
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80% of global merchantsfail PCI DDS compliance test
Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards (PCI DSS), putting them at increased risk of cyber attacks, according to a new report by Verizon Communications Inc. Businesses must be vigilant in maintaining security to remain compliant with [...]
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