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Visa Takes Data Security to DC

Today, at the second Maintaining Trust in Payments Summit, organized by Visa and Harvard Business School Publishing, industry leaders from business, government, and technology gathered in D.C. to discuss the security for the electronic payments industry, including the ever-present problems of consumer data theft and identity fraud, which, according to a recent Gartner survey, has increased by 50% in three years.

Topics covered the role of technology in payment security, the amount of time companies should be allowed to wait before disclosing data breaches to consumers (no doubt sparked by TJ Maxx's admission that their recently publicized security breach may have occurred as far back as 2003) and the role of the government in protecting both consumers and the payment card industry.

Kudos to Visa for organizing this summit-- hopefully log management will play an important role in the discussions as PCI compliance requires that organizations maintain detailed, real-time reports on their log data to ensure network and data security.

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Posted March 07, 2007 in Compliance , Log Management & Intelligence , Security | Permalink

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