Verizon warns 4 in 5 retailers vulnerable to credit card theft
Thursday, October 21, 2010 by sms
This post talk about Verizon warns 4 in 5 retailers vulnerable to credit card theftBy: Joe Taylor
Since 2006, the Payment Card Industry Data Security Standard (PCI DSS) has helped merchants and credit card issuers lock down retail terminals and e-commerce networks against identity thieves. However, a new report from Verizon indicates that only one in five businesses passed a PCI DSS inspection on the first try.
The communications company maintains the data lines connecting retailers to credit card payment platforms. Researchers used a sample of the assessments collected at 200 of Verizon's client sites during 2008 and 2009 to reach their conclusions. Although the 22% compliance rate sounds discouraging, ongoing reports indicate that most companies comply with 81% of the PCI DSS best practices. In addition, most companies can reach full compliance with guidance from qualified assessors and installers.
Companies that endured security breaches often reported one of three common attacks. 25% of credit card breaches resulted from malware or hacking on company networks. 24% of breaches were caused when criminals found database vulnerabilities. And 21% of credit card thefts reported in Verizon's study occurred when administrators either failed to change default passwords or picked easily-guessed security codes.
Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit card prior to applying.
Since 2006, the Payment Card Industry Data Security Standard (PCI DSS) has helped merchants and credit card issuers lock down retail terminals and e-commerce networks against identity thieves. However, a new report from Verizon indicates that only one in five businesses passed a PCI DSS inspection on the first try.
The communications company maintains the data lines connecting retailers to credit card payment platforms. Researchers used a sample of the assessments collected at 200 of Verizon's client sites during 2008 and 2009 to reach their conclusions. Although the 22% compliance rate sounds discouraging, ongoing reports indicate that most companies comply with 81% of the PCI DSS best practices. In addition, most companies can reach full compliance with guidance from qualified assessors and installers.
Companies that endured security breaches often reported one of three common attacks. 25% of credit card breaches resulted from malware or hacking on company networks. 24% of breaches were caused when criminals found database vulnerabilities. And 21% of credit card thefts reported in Verizon's study occurred when administrators either failed to change default passwords or picked easily-guessed security codes.
Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit card prior to applying.
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