The world is moving on from magnetic stripe payment cards, with one notable exception: the United States. Credit card issuers, banks and consumers agree the magnetic stripe is prone to hacking - so why is one of the largest markets for plastic payment still clinging to decades-old technology?
Payment card security group PCI Security Standards Council has a new standard aimed at smoothing the contactless payment experience at retailers by ensuring that a single commercial device can process card data and a PIN. Consumers across the globe increasingly use contactless methods for payment.
In the latest weekly update, ISMG editors discuss how organizations can comply with the new PCI DSS 4.0 requirements, whether other countries should follow the U.S. lead on legislating software bills of materials, and key strategies for CISOs preparing for an economic downturn.
Software point of sale or SoftPOS is a groundbreaking technology that allows businesses to accept card payments directly on their devices without requiring any additional software. As this payment method gains widespread adoption, what does it mean for the security of our payments systems?
The PCI Security Standards Council on Thursday released the Payment Card Industry Data Security Standard version 4.0. The latest version's improvements are intended to counter evolving threats and technologies, and the new version will enable innovative methods to combat new threats.
Jeff Schilling, global CISO at Teleperformance, a Paris-based company offering digitally integrated business services worldwide, describes four principles for mitigating security risks for the remote workforce during the COVID-19 pandemic.
In December, PCI SSC plans to publish a new standard for solutions that enable "tap and go" transactions on merchant smartphones and other commercial off-the shelf mobile devices. Troy Leach, the council's CTO, offers insights on the role the standard will play in enhancing security for smaller merchants.
As new payment options continue to emerge via mobile phones and internet of things devices, the PCI Security Standards Council is broadening its security efforts, starting with a new standard for contactless payments coming early next year, says Troy Leach, PCI SSC's chief technology officer.
The latest edition of the ISMG Security Report leads off with an analysis of the PCI Security Standards Council's new requirements that are designed to help thwart attempts to defeat encryption in point-of-sale devices.
Because many merchant compromises result from badly installed or configured applications, payments acquirers, such as Chase Paymentech, are stepping up to help address point-of-sale security.
Law enforcement is not revealing details about the POS breach that hit Penn Station, but one investigator says the number of locations affected by the attack will continue to grow.
Restaurant chain Penn Station says debit and credit card details may have been exposed in a breach that targeted 43 franchised locations. But what was the nature of the scheme?
The new virtualization guidance issued by the PCI Security Standards Council urges organizations to take a risk-based approach when dealing with virtualization methods, especially within cardholder data environments.
New guidance from the PCI Security Standards Council about the risks associated with virtualized systems aims to help merchants proactively evaluate security before they leap into new deployments.
Since the FFIEC guidance in 2005 on "Authentication in an Internet Banking Environment" cybercriminals have evolved significantly, leading the FFIEC to release new guidance for protecting your business and your customers from fraud. Learn about smart device identification technologies banks will need to adopt to...
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