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Many retailers are not ready to meet the Payment Card Industry Data Security Standard (PCI-DSS) Section 6.6 deadline of 30 June, analyst firm Gartner has warned. Credit card thieves are taking advantage of the vulnerabilities in small retailers' point-of-sale check-out systems, according to a new report. New Deloitte survey shows consumer businesses are still implementing PCI The personally identifiable information of about 650,000 customers of JCPenney and other retailers is at risk after a data tape went missing from storage vendor Iron Mountain. California, which has the most stringent consumer and data privacy laws in the country, has moved a step closer to forcing retailers — rather than financial institutions — to notify consumers when they've suffered a data breach. Recent arrests in the hacking of nine U.S. retailers and Countrywide Home Loans is just the tip of the iceberg of what's to come, according to experts in the security industry. The US Federal Trade Commission on Thursday announced a settlement with TJX over the discount retailer's massive breach of customer credit card records. The Payment Card Industry Data Security Standard presents serious legal challenges and risk for retailers. As the Payment Card Industry's data security regulation begins to bite, Barry Mansfield examines its aims and obligations. US Federal authorities have busted the criminal ring responsible for the largest hacking and identity theft case in history. Organisations that hold personal data should be made liable for fraudulent transactions, say BT security experts. Credit and charge card fraud rates increased in 2007, as more dollars were lost to fraudulent overseas online merchants, according to the Australian Payments Clearing Association (APCA). 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. Google and Microsoft are among an extensive set of technology vendors aiming to spur the adoption of digital identity cards. New measures implemented in section 6.6 of the PCI standard, do nothing to address the threat of insiders. June 30 marks an important date for any company that takes online credit card payments. Symantec has launched an online fraud consulting service aimed at stemming web-based crime.
Employers must face the fact that a lot of online shopping takes place at the office, and it can put an entire business network at risk. As big business finally gets a hold on security, SMEs relying on off-the-shelf e-commerce tools are easy prey. New research shows that firms must display security measures more clearly on their sites