Saturday, November 19, 2011
Feds agree the PCI DSS works
In a recent post on the Atlanta Federal Reserve website, Jennifer Windh, AFR Retail Payments Risk Forum Payments Risk Analyst, said the Verizon 2011 Payment Card Industry Compliance Report supports the conclusion that compliance with the Payment Card Industry (PCI) Data Security Standard (DSS) "is effective at preventing breaches." She additionally said the report validates the observation that "the most compliant organizations are the least likely to be breached."
The second annual Verizon report, released at the end of September 2011, analyzes data gathered from more than 100 Verizon PCI DSS qualified security assessments. The analysis includes data from companies in the United States, Europe and Asia and builds on information in the 2010 compliance report.
"At first glance, the report's findings seem discouraging because only 21 percent of organizations are found to be fully compliant at the beginning of the audit," Windh wrote. "However, the researchers assessed each organization's compliance across each [PCI DSS] requirement, and found that a further 37 percent were compliant across 90 to 99 percent of requirements."
Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.
Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.
