Online and Digital Identification, Securing Web 2.0, PKI and Digital Certificates

Survey: Businesses not complying with PCI

Monday, March 1, 2010

A report by The Ponemon Institute on behalf of Thales, released information regarding the Qualified Security Assessors’ recommendations and costs for the information and communication security industry.

The report titled, PCI DSS Trends 2010 – QSA Insights, found that 41% of businesses would fail compliance audits if unable to rely on temporary compensating controls to meet Payment Card Industry Data Security Standard (PCI DSS) requirements.


Feedback and suggestions from the assessors include comments on PCI requirements and data encryption solutions. For example, assessors find the most difficult requirement in PCI is restricting access to cardholder data on a business-driven need-to-know basis

Additionally, 41% of assessors, controlling access to encryption keys is the most difficult key management task faced by clients using encryption. 81 percent of assessors suggest the use of a hardware security module for encryption and key management as a more user-friendly option.

This study shows that many merchants are primarily focused on complying with PCI and less on protecting sensitive information, which has become the primary concern among assessors. [end] 

Netsize has released a new report finding that a majority of survey respondents would use their mobiles to buy big-ticket items.

“Unlocking the Value of Mobile Commerce” includes research on the value amounts that people are ready for and willing to pay through their mobile phone for pricey items that go beyond the usual mix of transport tickets and parking tokens, according to Netsize.

read more »

In a recent poll conducted by Higher One Holdings, it was revealed that U.S. college students lack the financial knowledge needed to manage their money and over half are currently in credit card debt. The survey also shows that students are looking to higher education institutions over their parents as the source for providing financial literacy.

read more »

eNational Payments, a provider of mobile and contactless electronic commerce and payment processing services, has a entered into a strategic partnership with Mocapay, enabling its merchants and retailers access to Mocapay’s secure mobile payments solution and mobile marketing engine to reach customers in real-time.

read more »

MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

According to the report, “Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in its infancy, with an adoption rate of only 1.7%.

read more »

Dublin-based AIB Merchant Services (AIBMS) has announced the launch of its new customizable loyalty program for small to medium-sized businesses, according to siliconrepublic.com.

The new solution, AIBMS loyaltyplus, uses contactless tags from ZapaTechnology that combine multiple loyalty cards onto one single device accepted at AIBMS point of sale terminals.

read more »

The Biometrics Institute, a not-for-profit run for and by the biometrics industry, has launched its Annual Industry Survey looking for input on current business and future plans from key players in the biometrics industry in Australia and New Zealand.

read more »