Page 10 - GS171102

NewsBriefs

(SHIELD Act) would update laws and security practices
and certify companies that meet exemplary service levels.
Visa to digitalize mass transit

Visa Inc. unveiled on Nov. 13, 2013, Visa Global Transit
Solutions, a new service designed to create a frictionless
mass transit experience. Program organizers expect the
service to simplify debit, credit and prepaid acceptance at
turnstiles and inside bus readers. Technology companies
Editor's Note: Following are excerpts from news stories recently posted and transit operators saw live demos this week in London;
under Breaking Industry News on our home page. For links to these and additional events are planned for New York, as well as for
other full news stories, please visit www.greensheet.com/breaking- locations in Dubai and Singapore, Visa representatives
news.php?flag=previous_breaking_news. stated.
Call centers face inside, outside threats PCI DSS 3.2 strengthens, KRACK attacks

Semafone Inc. is urging call centers to update their data With the Feb. 1, 2018, deadline for implementation of the
collection and storage methods. The company surveyed Payment Card Industry (PCI) Data Security Standard
more than 500 call center agents across multiple industries (DSS) version 3.2 fast approaching, many payment
and compiled the findings in The State of Data Security service providers have already deployed new procedures
in Contact Centers, published Oct. 30, 2017. When asked initially released as best practices in 2016. Simultaneously,
about data-security vulnerabilities, 7 percent of survey a vulnerability identified in Wi-Fi Protected Access 2
respondents said people within their organizations (WPA2) protocol has raised security concerns among
have asked them to share confidential customer data; 4 Android and Linux users.
percent stated the same was true of people outside of their EMVCo guidelines reflect global omnichannel trends
organizations.
Global technical body EMVCo released EMV Secure
Holiday spending projections bode well for retailers Remote Commerce (SRC) – Technical Framework version 1.0

Separate consumer surveys conducted by Deloitte and Nov. 2, 2017, a set of guidelines designed to protect in-
the National Retail Federation point to a robust 2017 app, mobile and ecommerce transactions. In addition to
holiday season ahead for U.S. retailers. The NRF projected reducing exposure to data compromise, SRC will simplify
total holiday retail sales in November and December merchant support by creating a new framework for the
could reach $682 billion, up 4 percent from last year, as remote commerce environment, with consistent roles
consumers plan to spend an average $967.13 during the and methodologies for participating parties that manage
holidays. Deloitte projected holiday spending will average payment card data, according to EMVCo representatives.
$1, 226 for both gift and non-gift items. Both Deloitte and Protect corporate sites before
the NRF found that a majority of holiday shoppers plan to the holidays, experts warn
shop online, overtaking mass merchant and department
stores. Security experts are advising companies to secure
corporate networks ahead of the holiday season, when
EMV 3-D Secure protocol gets update
employees may be more susceptible to phishing scams
EMVCo released EMV 3-D Secure – Protocol and Core and online fraud. Holiday Ecommerce To Hit Record $107B
Functions Specification v2.1.0, an update to version 2.0.0 in 2017; Mobile Will Lead in Visits, a report published Nov.
published in October 2016. The latest version includes 2, 2017, by Adobe Systems Inc., predicts a 13.8 percent
enhancements for securing ecommerce transactions across increase in online shopping this holiday season, with 80
channels and connected devices and will be supported by percent of ecommerce occurring at major retail sites.
a new EMVCo testing program for compliant solutions set Deloitte honors fastest growing tech companies
to launch in 2018. EMV 3-D Secure (3DS) is a messaging
protocol that authenticates consumers making card-not- A number of companies with links to the payments
present ecommerce purchases. industry earned Deloitte 2017 Technology Fast 500
awards. The 23rd annual list honored 500 companies
New York bill aims to 'shield' consumer data headquartered in North America. Selection was based
New York State Attorney General Eric T. Schneiderman on technology innovation, entrepreneurship and rapid
unveiled proposed legislation Nov. 2, 2017, designed to growth. Companies with base-year operating revenues
address a data breach epidemic that has roiled New York of $50,000 stemming from proprietary product sales in
businesses and consumers. Noting weaknesses in existing eight categories, and $5 million for the current year, were
state guidelines and infrastructure, Schneiderman said ranked on percentage growth during the 2013 through
The Stop Hacks and Improve Electronic Data Security Act 2016 period.

10