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In spite of efforts to halt electronic fraud, the internet has remained a dangerous place to do business, according to a report from the European Commission. Companies have been warned to be aware of Section 6.6 of the Payment Card Industry (PCI) standard that comes into force today. Logica is banking on anti-terrorist regulatory compliance with this week’s launch of its automated transaction scanning software. The Payment Card Industry (PCI) Security Standards Council has officially taken over control of a new data security standard from Visa. Amazon has quietly rolled out a limited beta of its Amazon Flexible Payment(AFP) service. The service offers payment outsourcing to third party websites and applications. It joins Google Checkout and Paypal in the payment outsourcing market.
The Payment Card Industry Data Security Standard presents serious legal challenges and risk for retailers. The Payment Card Industry Security Standards Council (PCI SSC) has announced a new programme designed to improve consistency. Visa Risk Manager will address fraud losses and help issuers approve a greater number of legitimate credit and debit transactions. As the Payment Card Industry's data security regulation begins to bite, Barry Mansfield examines its aims and obligations. The Payment Card Industry Security Standards Council has released version 1.2 of its Data Security Standard (PCI DSS).
With new PCI DSS mandates going into effect, web application security will get even hotter. A US federal judge has lifted a temporary injunction that denied three college students from presenting their subway payment hack research at the recent Defcon show. New changes in the Payment Card Industry Data Security Standard (PCI DSS) version 1.2 have been disclosed prior to its release in October. Credit card thieves are taking advantage of the vulnerabilities in small retailers' point-of-sale check-out systems, according to a new report. The largest merchants operating overseas will have less than two years to secure credit card transactions, Visa announced on Monday. The black-market price for stolen credit and debit card details has dropped to as little as US$1.50, according to a newspaper investigation. The organisation charged with directing the Payment Card Industry Data Security Standard (PCI DSS) announced the second version of the credit card protection guidelines is scheduled for an October release. The trojan used to "sniff" the credit card information of millions of TJX shoppers was provided by a 25-year-old New York man, who has been charged with conspiracy. Any IT chief worth their salt knows how to combat data theft, so why is it still so common, asks Ian Schenkel. Companies are struggling to come to grips with the basics of vulnerability management, says Chris Schwartzbauer, vice president of development and customer operations at Shavlik Technologies.