Intelligent CIO Europe Issue 11 | Page 27

//////////////////////////////////////////////////////////////////////////////////// TRENDING VERIZON REPORT FINDS PAYMENT SECURITY COMPLIANCE DROPS FOR FIRST TIME IN SIX YEARS It is imperative to comply with security procedures in this day and age, especially when it comes to payment facilities and no industry is exempt. However, Verizon’s 2018 Payment Security Report has discovered a decline in compliance and this could be seen to have a major impact on businesses globally. A fter documenting improvements in Payment Card Industry Data Security Standard (PCI DSS) compliance over the past six years (2010- 2016), Verizon’s 2018 Payment Security Report (PSR) now reveals a concerning downward trend with companies failing compliance assessments and perhaps, more importantly, not maintaining full compliance. The Payment Card Industry Data Security Standard (PCI DSS) helps businesses that www.intelligentcio.com offer card payment facilities protect their payment systems from breaches and theft of cardholder data. PCI DSS compliance has been shown (via the Verizon Data Breach Investigations Report series) to help protect payment systems from both data breaches and theft of cardholder data, so this trend is alarming. Data gathered by Verizon’s PCI DSS qualified security assessors (QSAs) during 2017 demonstrates that PCI compliance is “ PCI COMPLIANCE STANDARDS ARE SLIPPING ACROSS GLOBAL BUSINESSES AND THIS SIMPLY CAN’T CONTINUE. INTELLIGENTCIO 27