Many global business decision makers are unaware of the implications of the forthcoming General Data Protection Regulation (GDPR), as well as other compliance regulations like PCI-DSS and ISO27001/2, with one in five admitting they do not know which regulations their organization is subject to.
More than three-quarters of U.S. citizens are concerned about the privacy and security of their personal digital data, and almost two-thirds say they would feel more confident if government agencies with which they interact had stronger data-privacy and security policies.
The Payment Card Industry Data Security Standard (PCI DSS) is the security standard for protecting payment card data. Navigating the requirements of the PCI DSS and implementing the technical security controls can be quite complicated.
Today organizations are faced with a dilemma when it comes to balancing the need to deliver an exceptional user experience on desktop and mobile devices and protecting company and personal data. Protection can run the gamut from no password needed, inputting a fingerprint or a litany of passwords every few minutes, or the use of more modern and secure innovations such as continuous biometric verification and recognition.
Consumers across the globe are more concerned with protecting their financial and payments information stored on a computer than they are with protecting this data when stored on a mobile wallet, according to data.
Last year, cybercriminals attacked the California-based Hollywood Presbyterian Medical Center, encrypting files crucial in running the hospital’s operating systems and demanding a ransom to restore them to working order.
Fraudsters’ methods continually evolve to counter new fraud protection measures and with personally identifiable information, they could steal a customer’s identity or create a synthetic identity. Once a fraudster captures this information, if they are able to access a customer account or open an account, it creates a nightmare scenario with significant repercussions for the business and the customer.
Terrorism is changing. The Center for Cyber & Homeland Security at George Washington University is striving to bring science to the art of security decision-making. What can their research into cyberattacks, terrorism and the evolving threat environment do to help your enterprise? Read about this, sports security, security culture and awareness and more in the July issue.