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Credit-Card Data Breaches Drive Security Solutions

Submitted by MacRonin on March 31, 2007 - 1:09pm
  • Companies
  • Credit-Card Data Breaches Drive Security Solutions
  • Finance
  • Privacy
  • Security
  • Standards

Credit-Card Data Breaches Drive Security Solutions: 4foot10 writes with a link to a CRN article about the booming business of PCI adoption. The Payment Card Industry Data Security Standard (PCI DSS) was worked out by credit card companies as a guideline for securing customer data. As a series of high-profile customer information leaks have occurred over the last year, the business is increasingly getting lucrative for those who can keep up. --- "As PCI-related business begins to boom, security VARs and integrators find themselves in the enviable position of having almost too much work to handle. And there's plenty of room for the market to grow: Visa estimates that just 36 percent of Level 1 merchants (which process more than 6 million credit-card transactions annually) and 15 percent of Level 2 merchants (which process at least 1 million) have complied with PCI. Solution providers can either handle PCI-related assessments of companies' networks and then recommend solutions to address holes, or provide the remediation services after an audit, which often requires companies to implement firewalls or encryption to their networks."

(Via Slashdot.)

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