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Items Tagged with 'payment card industry'

ARTICLES

PayMyTab Leak Exposes Highly Sensitive Personally Identifying Information

November 22, 2019

PayMyTab recently exposed highly sensitive personally identifying information (PII) of consumers across the US that have dined in restaurants that have integrated the platform into their service.

Is Payment Card Security Slipping?

September 25, 2018

A new report shows that only 52.4 percent of organizations maintained full PCI DSS compliance in 2017, compared to 55.4 percent in 2016.

Study Finds Payment Card Data Security Lacking

April 1, 2015

Only 20 percent of payment card-accepting companies complied with the full set of international security standards in 2013, according to a new report from Verizon. The 2014 PCI Compliance Report looked at how hundreds of retailers, hospitality companies, financial service firms and other organizations followed the standards established by the PCI Security Standards Council.

The ABCs on PCI

Sean Bruton

August 23, 2011

Security breaches can cost organizations millions of dollars, and those costs could be followed by lawsuits, insurance claims, and hefty fines. Just as important are the devastating effects on company reputation and customer trust that could extend far into the future. A 2008 study by the Ponemon Institute, which researches information security policy and data protection, found that after a breach of credit card data businesses lose 31% of their customers.

Service reliability underpins every modern business. Without reliable services, organizations cannot build the trust required to keep their customers loyal or free up time to focus on product innovation and differentiation.