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California Considers Making PCI DSS Law
This week California is considering a bill that would require organizations that accept credit and debit cards to follow the Payment Card Industry (PCI) Data Security Standard. Noncompliance could mean banks would have to cover the costs associated with notifying customers that their credit card numbers may have been stolen and the cost of replacing credit cards, at a cost that could run upwards of $1 million per breach, according to estimates in a California State Senate report in May that provided details on the bill. The California law would apply to anyone who wanted to do business with a California resident, according to this article at Government Executive blog.
The public backlash after the January disclosure of a major security breach by Massachusetts based retailer TJX has acted as a stimulus for attention and consumer protection mandates. Just last week Minnesota enacted the Plastic Card Security Act, based on the PCI Standard. And other states like Massachusetts and Texas are also considering laws. The Lone Star state's House voted unianimously to approve the PCI-related bill, but the state Senate closed its session before it could vote on the issue.
Log management can help out with complying with the PCI DSS regulations quickly, plugging into your existing IT infrastructure. For some tips, check out 7 Habits of Highly Effective PCI Compliance- a Forrester Webcast with analyst Khalid Kark, sponsored by LogLogic. A PCI book is on the way from LogLogic's Anton Chuvakin later this year.
Posted June 07, 2007 in Compliance , Log Management & Intelligence , Risk Management , Security | Permalink
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