News

Payment card security compliance on the decline

October 3, 2018

A Verizon security report reveals that payment security compliance has dropped for the first time in six years, and businesses are more vulnerable to cybercrime.

The Verizon 2018 Payment Security Report, according to a press release, highlights a  crucial need for ongoing compliance maintenance and measurement.

"PCI compliance standards are slipping across global businesses and this simply can't continue," said Rodolphe Simonetti, global managing director for security consulting, Verizon, in the release. "Consumers and suppliers alike trust brands to secure their payment data, so we must act now to remedy this state of affairs. We urge businesses to reassess their measurement methodologies for PCI control effectiveness, and to concentrate on managing the sustainability of their data protection."