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Search Results for: data security

The PCI Council Creates Associate QSA Program To Ease Cybersecurity Talent Shortage

The PCI Security Standards Council on Thursday unveiled its Associate Qualified Security Assessor program aimed at reducing a shortage of data-security professionals in the payments industry. The Wakefield, Mass.-based PCI Council certifies QSA companies to perform assessments of a firm’s compliance with the Payment Card Industry data-security standard, the main …

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Johnson Named PCI Security Standards Council Executive Director

The PCI Security Standards Council named Lance J. Johnson to the executive director position. Johnson, who had been chief operating officer at Sequent Software Inc. for the past five years and spent 20 years at Visa Inc., replaces Stephen W. Orfei, the general manager who left earlier this year after …

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Fed Names Payments Security Leader and other Digital Transactions News briefs from 12/11/17

The first Bitcoin futures contracts began trading at 6 p.m. Eastern Time Sunday and almost right away the volume of activity crashed a Web site operated by the exchange, Cboe Global Markets Inc. After an initial run up, Bitcoin was trading around $16,500 by 10 a.m. Monday. A rival exchange, …

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Data Breaches Have Exposed More Than 172 Million Consumer Records This Year, the ITRC Reports

Fraudsters have caused 1,202 data breaches this year as of Nov. 29, up nearly 18% from the same period a year earlier, and they’ve exposed 172.4 million records, according to the latest figures from the Identity Theft Resource Center. Some 156.4 million Social Security numbers were compromised in the breaches, …

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Stolen Data Ranges From 20 Cents to More Than $15 on Cybercriminals’ Shopping List

The underground market for personally identifiable information is flourishing, with criminals paying as little as 20 cents to as much as $15 for verified credentials across the dark market. That’s the latest from RSA Security LLC, a data-security company. The Bedford, Mass.-based firm released the 2018 Cybercriminal Shopping List Tuesday, …

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PayPal Suspends Operations on the TIO Network After Discovering ‘Security Vulnerabilities’

PayPal Holdings Inc.’s planned integration of its TIO Networks bill-pay operation hit a major snag late Friday when PayPal said it had shut down TIO’s system after the discovery of a security issue. Neither PayPal nor TIO released details about the issue. In a statement, PayPal said it involves “security …

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As the Holiday-Shopping Season Looms, E-Retailers Face Rising Security Challenges

The fourth-quarter holiday shopping season may be a big present in the form of more sales for retailers, but it may also bring with it a lump of coal in the form of amped-up cyberattacks and fraud attempts. Two of the most beneficial measures retailers can take to secure their …

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Frequency of Breaches Points up Limited Capabilities of Cybersecurity Teams, Survey Says

Data breaches have grown so frequent that at least some observers have begun to question whether cybersecurity staffs within corporate and government entities are up to the challenge of stopping them. “You just have to look at the continued ubiquity of breaches in the headlines to know that we’re losing …

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COMMENTARY: How To Avoid a Hidden Retail Security Threat

In 2015, 70% of breaches reported by global retailers were directed at POS devices. With the quantity of exploits only increasing, retail CIOs cannot rely on industry minimum guidelines to set out their security strategy. While the Payment Card Industry data-security standard (PCI DSS) provides a strong baseline of security …

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Overwhelming Numbers of Consumers, Businesses Want IoT Security Regulations

Security professionals have been warning about the data-security risks of connecting millions of non-computer devices to the Internet, and those warnings appear to be making an impact. Newly released results of an international consumer and business survey by payment-security technology provider Gemalto NV say that 90% of consumers lack confidence …

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Digital Transactions