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.
During a recent European Parliament meeting, Ana Gomes, a Portuguese member of the parliament said that while a thriving data-driven economy represents an opportunity for growth and employment, big data can also pose significant risks and challenges, particularly as regards fundamental rights, including privacy and data protection.
Hospitals and medical centers face a panoply of threats and challenges around data security, yet the healthcare field has not yet responded as quickly as others, according to chief information security officers (CISOs) and others close to such institutions.
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.