This site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.X

Visa risk officer encourages businesses to keep faith with PCI DSS

Share this article:

Online credit card fraud remains at low levels despite recent failures.

 

Visa chief enterprise risk officer Ellen Richey claimed that despite the current economic climate and high-profile compromises, payment card data fraud rates remain near historic lows.

 

Richey, speaking at Visa's Global Security Summit in Washington DC, called for continued industry investment, collaboration and innovation to keep the electronic payment system secure in the future.

 

A recent Visa survey revealed that of 800 US credit and debit cardholders surveyed, 59 per cent said they had decided not to make an online purchase at a particular website because they did not trust that site. A further 49 per cent said they had opted not to shop with a merchant they did not recognise, for fear of having their personal data stolen.

 

Richey claimed that compliance with PCI DSS continues to be the industry's best tool to guard against theft of cardholder data, and the best protection for businesses against unwanted intrusions. She also added that PCI DSS validation is an annual, minimum requirement for organisations but that true compliance with PCI DSS is an ongoing effort requiring vigilance.

 

Dave DeWalt, president and CEO of McAfee, said: “Now more than ever, security is mission critical to all organisations. Compliance with mandates such as PCI DSS should not simply be a checklist item; instead organisations should always be vigilant and continuously assess their risks and exposure and implement strong security controls."

Share this article:

SC webcasts on demand

This is how to secure data in the cloud


Exclusive video webcast & Q&A sponsored by Vormetric


As enterprises look to take advantage of the cloud, they need to understand the importance of safeguarding their confidential and sensitive data in cloud environments. With the appropriate security safeguards, such as fine-grained access policies, a move to the cloud is as, or more, secure than an on-premise data storage.


View the webcast here to find out more

More in News

Defending Critical Infrastructure: only 6% of incidents malicious

Defending Critical Infrastructure: only 6% of incidents malicious

The weather, or even simple mis-configuration, are threats to critical infrastructure, but in an emergency, could government now run privatised utilities?

Scammers tap the power of Facebook to offer `free' iPhones a-plenty

Scammers tap the power of Facebook to offer ...

Free iPhone? More like an iPhoney...

FBI's facial and fingerprint super-database goes live

FBI's facial and fingerprint super-database goes live

The FBI: we have your facial and fingerprint templates on file...