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Viewing posts tagged pci

PCI hullabaloo

So there's been a whole lot of hullabaloo on the Internet and in twitterville about PCI because of the Savvis lawsuit.

Summary of the Congressional PCI hearings

Anton Chuvakin has a nice summary of the recent PCI hearings in congress. 

is-pci-dss-secure-enough

SecurityFix has a post about the Hannaford breach that posits a trend for 2008: Successul attacks against PCI-compliant retailers.

spies-in-the-phishing-underground

There is a great article on the current state of phishing on net-secrurity.org. The article discusses phishing kits with backdoors (phishers phishing phishers), the market for identity information, the lack of sophistication of phishers and some recommendations:

We aren’t going to solve the problem of online PII (Personally Identifiable Information) and identify theft just by writing even more secure code (although it certainly helps), or by continuing to play whack-a-mole with phishers. The system of relying on static identifiers to commit financial transactions needs to be rethought.
And:
Commercial financial institutions such as credit card companies and banks realize that the cost of implementing a new system that does not merely rely on static identifiers is higher than the fraud committed, so they decide to accept the cost. This is the reason why the system has not changed. Unfortunately, financial institutions only take into account their cost when making this decision, but it also ends up affecting the lives of millions of people who have to pay with their identities when such fraud is committed (this cost is also shared by other companies that want to have the capacity to process transactions. The PCI standard is a good example of this situation).
The expectation is that the band-aid approach will continue to be applied until the costs exceed the expense of two-factor authentication.

is-it-time-for-a-pci-upgrade

That's the question proposed in this post: Breaches Make a Mockery of PCI Security Standards (Ouch.) I would say "Yes".

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