In the article “Is Payment Card Security Slipping”, the author introduces about the security of credit card payment is worse than before. According to report, only 52.4 percent of organization maintained the compliance of Payment Card Industry Data Security Standard in 2017. Compare with 55.4 percent in 2016, the number kept dropping. There are 9 factors the organizations can deal with this problem.
Factor 1: Control Environmentt.
Factor 2: Control Design
Factor 3: Control Risk
Factor 4: Control Robustness
Factor 5: Control Resilience
Factor 6: Control Lifecycle
Factor 7: Performance Management
Factor 8: Maturity Measurement
Factor 9: Self-Assessment
Credit card is still the major payment method in the US, so it is important for organizations to ensure the security of the payment method.
https://www.securitymagazine.com/articles/89446-is-payment-card-security-slipping
Yikes. I didn’t not want to hear this held a downward trend. 52.4% is the global trend. For the America’s it’s 39.7%. If 39.7% doesn’t scare you for compliance for the Americas then this quote from within the report should send shivers down your spine. “100% compliance isn’t 100% secure. But it’s a start.” That 39.7% figure includes both North and South America, it would be interesting for me to see how just the US stacks against the global average. I couldn’t find it with a quick search. but I didn’t find 10 Shocking PCI DSS Compliance Statistics:
1. PCI DSS compliance has increased by 167% since 2012
2. 80% of organizations are still not compliant
3. Only 26% of news media executives feel confident their businesses are compliant
4. Only 29% of companies are compliant a year after validation
5. You could pay $100,000 a month for being non-compliant…or much more
6. None of the companies breached during Verizon’s investigations were fully compliant
7. 39% of organizations were breached through insecure remote access
8. The average total cost of a data breach is $4 Million
9. 69% of consumers would be less inclined to do business with a breached organization
10. The average merchant, at the time of data compromise, wasn’t compliant with at least 47% of PCI DSS requirements
https://www.goanywhere.com/blog/2017/02/03/8-shocking-pci-compliance-statistics
Hi Xinteng, interesting article. It’s great to know that PCI DSS helps businesses offering card payment facilities to protect their payment systems from breaches and theft of cardholder data. Only 52.4 percent of organizations maintained full compliance in 2017, compared to 55.4 percent in 2016.