PCI changes expected in November

Highlighted alterations for version 3 of PCI DSS are presented.

Feedback from the PCI Council’s constituents, market response and the PCI development lifecycle combine to inform and develop a new version of PCI requirements (for Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term and certification).

There are several key issues that are highlighted by the PCI Security Standards Council, including: a focus on flexibility, to make compliance more accessible and easier to implement, better guidance and education, in general and specifically regarding passwords, as well as, security to be viewed as a collective responsibility.

According to Bob Russo, PCI SSC general manager: “Today, most organizations have a good understanding of PCI DSS and its importance in securing card data, but implementation and maintenance remains a struggle – especially in light of increasingly complex business and technology environments.”

With fraud as an ongoing threat, particularly to e-merchants, it is pleasing to see that PCI is evolving to assist merchants in their plights for improved security, specifically since businesses are losing large sums of money, for jam, in the absence of controls that adequately prevent cyber-theft. If merchants are struggling with “implementation and maintenance”, then we hope that PCI regulations develop to respond directly to merchant needs in this these spheres.