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PCI Standard Gets Teeth
Often standards emerge out of necessity. Take the case of Payment Card Industry (PCI) Data Security Standard, something we are very focused on here at LogLogic. The standard for compliance was borne out of necessity and the scope of the requirements were adopted from Visa and MasterCard's own policies of how they felt it should be set up -- and is focused on those requirements that are key to their operations.
Last week American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa International announced the formation of an independent council designed to manage the ongoing evolution of PCI DSS. The newly minted PCI Security Standards & Council's stated goal is to improve payment account security. This is great news for consumers and vendors in advance of a significant shopping season.
As part of their first order of business, the group is proposing some key changes to the standard, notably releasing a new set of technical criteria that will address evolving security threats. And front and center is some policies on logging data, monitoring and retaining data. The new directive Payment Card Industry Data Security Standard (DSS) v 1.1 is available here (pdf) and notably calls for merchant data to be retained for one year to meet compliance.The new set of guidelines will be the only recognized standard, says the Council, beginning January 2007.
Posted September 11, 2006 in Compliance , Security | Permalink
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