Analysis: PCI DSS, five years on

Powered by SC Magazine
 

In 2006, PCI adoption was at 12 percent.

Last month marked the five-year anniversary of the PCI Security Standards Council. Looking back now, it is amazing to see how far we have come as a result of the ongoing participation of security professionals like you. An integral part of the PCI community, you have helped steer the process, driving PCI awareness and adoption levels that have led to the overall growth and improvement of payment card security we see today.

At the time of our launch, PCI adoption rates were at levels that matched lack of awareness in the market. Our stakeholders told us, and we recognised the challenge with the multiple ways that merchants had to tackle data security and report their compliance to each of the payment card brands. We listened and knew there had to be a change in order to increase adoption of PCI standards and improve payment data security.

This required a forum for those using the PCI standards to input their experience and feedback in the development of the guidelines. We had to find an avenue for listening and working with those on the front lines – this would be the driver for change.

To that end, you and the rest of our community have responded in force, pushing the evolution of the PCI rules and playing an instrumental role in producing critical supplemental guidance on topics of great interest and importance to the market – including, EMV, point-to-point encryption, wireless, skimming prevention, tokenisation – that underscore our commitment to provide what stakeholders ask for.

At Visa, we are encouraged that compliance validation statistics for level-one merchants have moved to 97 percent in the United States. We are also seeing gains in adoption of the standards among the smaller merchant community. As a result of our collective efforts, we are seeing fewer large-scale card data breaches in the marketplace. And when breaches do occur, entities that have applied the PCI standards are in a better position to mitigate the impact of the compromise.

To drive security forward in the midst of a rapidly evolving payments system, we will have to continue to focus on and listen to where the market is going and what you are telling us. This means that the standard, our very core, needs to continue to evolve. And the way we do that continues to be through feedback from the community.

This community must continue to be the engine that propels us forward. With the ongoing involvement and input from you and your peers that has brought us this far, together as champions of PCI, we will ensure that in a changing payments environment, the security of card holder data remains paramount.

30 seconds on:

  • Back in the day Visa level-one PCI compliance was tracking at only 12 percent in March 2006, and PCI efforts were considered primarily a U.S. concern, after the recent migration to EMV in Europe.
  • Consequently... As a result, U.S. data breaches in 2004-05 were possible through basic attacks, like SQL injection. But the lack of initial buy-in led to similar breaches in subsequent years.
  • Reaching out The council knew it couldn't do it alone. We needed our stakeholders' expertise to succeed. So we established a strong community of more than 600 participating organizations.
  • Future efforts You've told us you want more guidance on mobile payments and further exploration of P2PE, cloud, virtual payment cards, and new payment formats and other technologies.

Copyright © SC Magazine, US edition


Analysis: PCI DSS, five years on
 
 
 
Top Stories
Frugality as a service: the Amazon story
Behind the scenes, Amazon Web Services is one lean machine.
 
Negotiating with the cloud email megavendors
[Blog post] Lessons from Woolworths’ mammoth migration.
 
Qld govt to move up to 149k staff onto Office 365
Australia's largest deployment, outside of the universities.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...

Latest VideosSee all videos »

The great data centre opportunity on Australia's doorstep
The great data centre opportunity on Australia's doorstep
Scott Noteboom, CEO of LitBit speaking at The Australian Data Centre Strategy Summit 2014 in the Gold Coast, Queensland, Australia. http://bit.ly/1qpxVfV Scott Noteboom is a data centre engineer who led builds for Apple and Yahoo in the earliest days of the cloud, and who now eyes Asia as the next big opportunity. Read more: http://www.itnews.com.au/News/372482,how-do-we-serve-three-billion-new-internet-users.aspx#ixzz2yNLmMG5C
Interview: Karl Maftoum, CIO, ACMA
Interview: Karl Maftoum, CIO, ACMA
To COTS or not to COTS? iTnews asks Karl Maftoum, CIO of the ACMA, at the CIO Strategy Summit.
Susan Sly: What is the Role of the CIO?
Susan Sly: What is the Role of the CIO?
AEMO chief information officer Susan Sly calls for more collaboration among Australia's technology leaders at the CIO Strategy Summit.
Meet the 2014 Finance CIO of the Year
Meet the 2014 Finance CIO of the Year
Credit Union Australia's David Gee awarded Finance CIO of the Year at the iTnews Benchmark Awards.
Meet the 2014 Retail CIO of the Year
Meet the 2014 Retail CIO of the Year
Damon Rees named Retail CIO of the Year at the iTnews Benchmark Awards for his work at Woolworths.
Robyn Elliott named the 2014 Utilities CIO of the Year
Robyn Elliott named the 2014 Utilities CIO of the Year
Acting Foxtel CIO David Marks accepts an iTnews Benchmark Award on behalf of Robyn Elliott.
Meet the 2014 Industrial CIO of the Year
Meet the 2014 Industrial CIO of the Year
Sanjay Mehta named Industrial CIO of the Year at the iTnews Benchmark Awards for his work at ConocoPhillips.
Meet the 2014 Healthcare CIO of the Year
Meet the 2014 Healthcare CIO of the Year
Greg Wells named Healthcare CIO of the Year at the iTnews Benchmark Awards for his work at NSW Health.
Meet the 2014 Education CIO of the Year
Meet the 2014 Education CIO of the Year
William Confalonieri named Healthcare CIO of the Year at the iTnews Benchmark Awards for his work at Deakin University.
Meet the 2014 Government CIO of the Year
Meet the 2014 Government CIO of the Year
David Johnson named Government CIO of the Year at the iTnews Benchmark Awards for his work at the Queensland Police Service.
Q and A: Coalition Broadband Policy
Q and A: Coalition Broadband Policy
Malcolm Turnbull and Tony Abbott discuss the Coalition's broadband policy with the press.
AFP scalps hacker 'leader' inside Australia's IT ranks.
AFP scalps hacker 'leader' inside Australia's IT ranks.
The Australian Federal Police have arrested a Sydney-based IT security professional for hacking a government website.
NBN Petition Delivered To Turnbull's Office
NBN Petition Delivered To Turnbull's Office
UTS CIO: IT teams of the future
UTS CIO: IT teams of the future
UTS CIO Chrissy Burns talks data.
New UTS Building: the IT within
New UTS Building: the IT within
The IT behind tomorrow's universities.
iTnews' NBN Panel
iTnews' NBN Panel
Is your enterprise NBN-ready?
Introducing iTnews Labs
Introducing iTnews Labs
See a timelapse of the iTnews labs being unboxed, set up and switched on! iTnews will produce independent testing of the latest enterprise software to hit the market after installing a purpose-built test lab in Sydney. Watch the installation of two DL380p servers, two HP StoreVirtual 4330 storage arrays and two HP ProCurve 2920 switches.
The True Cost of BYOD
The True Cost of BYOD
iTnews' Brett Winterford gives attendees of the first 'Touch Tomorrow' event in Brisbane a brief look at his research into enterprise mobility. What are the use cases and how can they be quantified? What price should you expect to pay for securing mobile access to corporate applications? What's coming around the corner?
Ghost clouds
Ghost clouds
ACMA chair Chris Chapman says there is uncertainty over whether certain classes of cloud service providers are caught by regulations.
Was the Snowden leak inevitable?
Was the Snowden leak inevitable?
Privacy experts David Vaile (UNSW Cyberspace Law and Policy Centre) and Craig Scroggie (CEO, NextDC) claim they were not surprised by the Snowden leaks about the NSA's PRISM program.
Latest Comments
Polls
Which bank is most likely to suffer an RBS-style meltdown?





   |   View results
ANZ
  21%
 
Bankwest
  9%
 
CommBank
  11%
 
National Australia Bank
  17%
 
Suncorp
  24%
 
Westpac
  19%
TOTAL VOTES: 1452

Vote