Identity Theft
6 steps to meet the deadline for payment card security
Reported by gcn.com
Payment processors, along with government agencies and businesses that accept credit and debit cards, are under pressure to keep pace with the latest encryption technologies, with some keeping up better than others.
Five years ago, the Payment Card Industry Security Standards Council (PCI SSC) suggested that organizations in the payment industry could reduce their vulnerability to data breaches by implementing end-to-end encryption. A few in the industry upgraded, switching to encryption at card swipe, but most resisted, saying the change would be too expensive. Whatever the cost, it would have been far less than the expenses incurred by massive point-of-sale payment card data breaches in recent years, which encryption at card swipe may have prevented.
