Although some global payment organizations apparently have failed to meet the Bank of India's October 15 deadline for storing all Indians' payment data domestically, the nation's central bank reportedly has ruled out extending the deadline and is demanding a status report.
While some payment companies are strongly protesting the Reserve Bank of India's mandate that they store all data locally by October 15, portraying compliance as costly and impractical, others support the move as a way to ensure data is protected.
Payments processor First Data warns about an uptick in trolling - hackers sniffing networks for easy access to merchants' point-of-sale systems. What can banks do to help merchants prevent breaches?
Payments processing firm Global Payments Inc. has confirmed its role in a data breach that could prove to be the largest such incident since the Heartland Payment Systems breach.
Discussing Verizon's new report on the state of PCI compliance, PCI expert Jen Mack says payment card security today is "disappointing," and global merchants are at serious risk of new data breaches.
Sony Corp.'s announcement that hackers may have accessed data on 77 million gamers follows a long line of recent breaches. And Neal O'Farrell of the Identity Theft Council says the string of incidents has led to consumer 'breach fatigue.'
If your company transfers, transmits or processes credit card data you fall under the Payment Card Industry Data Security Standard (PCI DSS). However although the PCI DSS was developed to protect credit card data, it is fast becoming a security standard for all sensitive company data such as patient records,...
The revelation by TJX Companies, owner of T.J. Maxx and other retail brands, that at least 45.7 million credit and debit cards were compromised over several years highlights anew the risks associated with processing card transactions and the need to protect the information they contain.
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