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CardSystems Solutions President and CEO John Perry appeared before a House subcommittee Thursday to testify how the payment processor's network was breached, exposing thousands of credit cards to potential fraud. There is a great deal of legislation being proposed that could have a big impact on information security, most of it the result of concerns over ID theft. The president of CardSystems has claimed his company could be put out of business if Visa and American Express pull out of business with them. The National Association of Attorneys General has sent a letter to CardSystems Solutions demanding that the company notify all customers affected by a security breach that exposed millions of credit cards to potential fraud. The huge security breach that exposed more than 40 million credit cards to potential fraud appears to be the work of organized criminals, experts said Monday. The security experts at Visa announced that the company is changing the criteria for merchants required to comply with Payment Card Industry (PCI) Data Security Standard. Bournemouth Borough Council in Dorset has rolled out an email encryption system in a move designed to achieve compliance with the UK Data Protection and Freedom of Information Acts. I spy with my little eye, a legal problem beginning with "S". Bournemouth Borough Council in Dorset, UK, has rolled out an email encryption system in a move designed to achieve compliance with the UK Data Protection and Freedom of Information Acts. From the early days of the Internet, credit and charge card companies recognized the enormous opportunities presented to them - but they also saw challenges ahead. From the early days of the internet, credit and charge card companies recognized the enormous opportunities presented to them - but they also saw challenges ahead. Fraud is a serious problem in today’s online world. Hackers are stealing thousands of identities from online traders in a sophisticated cyber-scam scam. Anonymity is a circumstance that many everyday web surfers believe they enjoy while hopping from one online store to the next. Increasingly, organizations have to comply with privacy legislation. Stuart Vaeth asks whether this is the key to improved security. Three billion dollars. With the growth in volume and sophistication of internal and external threats, information security is one of the most critical issues facing companies today. Ebusiness security has never been bigger business and industry experts agree that the best growth is yet to come.