Skip to main content

The WiKID Blog

Viewing posts tagged pci

card-firms-back-down-on-pci-deadlines

From Computer Weekly:

Visa admitted this week that deadlines for retailers to comply with the Payment Card Industry Data Security Standard (PCI DSS), which requires firms to adopt a package of security measures, were "unrealistic".
I continue to be fascinated by the PCI/DSS soap opera.

banking-group-sues-tjx

In an interesting development in the economics of information security and data breaches, a group of banks is suing TJX for "negligent misrepresentation". According to Massachusetts Bankers Association CEO Daniel Forte:

"Banks all across the nation re-issued debit cards as a result of the TJX data breach. Preliminary estimates of the costs vary from institution to institution, up to $25 dollars per card," MBA officials said in a statement. "This alone would run into many millions of dollars for banks throughout the country. Moreover, when fraud occurs, banks generally cover the entire fraud, replacing money in customer accounts to protect their customers."
The banks, which once owned Visa, the creator of the PCI data security standards, now recognize that there costs are an externality in that system. The tort system is a pretty good system for dealing with externalities. Unfortunately for those who like to have real data on these matters, if the case is settled out of court, we probably won't know how much it actually costs TJX. I continue to believe it will not affect their brand or sales , but it will hurt their stock price as would any expenses that do not generate revenue.

assessing-brand-damage

Tim Erlin started a discussion about brand damage. However, the data he used was really about stock prices, not "brand", which is much harder to quanitify (and it's not easy to qauntify the affects of breach on stock price).

another-how-to-for-howtoforge-on-two-factor

I have written another how-to for howtoforge. This one is titled Secure your SSH deployment with WiKID two-factor authentication

the-express-scripts-bounty

Now this could be interesting. Express Scripts is offering $1,000,000 reward for information leading to the arrest and conviction of the attacker trying to blackmail them. That is a lot of Ameros.

Recent Posts

Archive

2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008

Categories

Tags

Authors

Feeds

RSS / Atom