Wednesday, July 2, 2008

Did You Know #172 - Credit Card Standards

If you have anything to do with credit cards,
you need to know this...


"Credit card companies want you to charge it
and they know that concerns about identity theft might possibly slow down your card use — so it is in their best interests to make sure that a solid security standard is in place to protect you. The standard has turned into a requirement for everyone who takes a credit card and that turns out to be literally millions of grocers, retailers, online retail outlets, government agencies, convenience stores, utilities — almost everyone. So the PCI-DSS standard may be the most widely applied information (data) security standard in the world.

With such a widespread and critical standard, there is confusion about how to meet the standard because just doing a self-assessment isn’t enoughyou are also required to do penetration tests on your systems that handle and transmit this electronic customer information and ATTEST that you use the standard in your information systems.

This includes having strong firewalls that protect cardholder data and making sure to remove the generic vendor-supplied passwords; using good storage devices for sensitive customer information and encrypting data that flows over your network. In addition, the card manager has to use anti-virus software, and also build secure systems. Once proper controls are in place, these controls need to be monitored and tested..."
Which leads us to the author of this piece.
Get to know her.

Caroline R. Hamilton is the Founder of RiskWatch, Inc. She offers twelve specialized risk assessment software programs which are used by thousands of her clients all over the world and in virtually every type of security assessment, gap analysis, and compliance assessment.

Murray Associates can assist you with the technical end of
Wireless LAN compliance for PCI-DSS and...
• Sarbanes-Oxley Act – U.S. Public Companies
• HIPAA – Health Insurance Portability and Accountability Act
• GLBA – Gramm-Leach-Bliley Financial Services Modernization Act
• PCI-DSS – Payment Card Industry Data Security Standard
• FISMA – Federal Information Security Management Act
• DoD 8100.2 – Use of Commercial Wireless Devices, Services, and Technologies in the Department of Defense Global Information Grid
• ISO 27001 – Information Security Management
• Basel II Accord – Banking
• EU - CRD (Cad 3) – EU - Capital Requirements Directive - Banking