White Papers for Federal Financial Institutions Examination Council (FFIEC)

PCI: Setting the Standard for Security

Ounce Labs

Software security breaches add up in recent headlines: 13 million in losses.5.6 million credit cards stolen. Recovery costs at $2256 million dollars and mounting.Companies driven into bankruptcy or out of business.
These all-too-familiar grim statistics of identity theft and data loss illustrate the depth and breadth of issues
relating o the processing and storage of payment data.As a result, the Payment Card Industry Security Standards Council (PPCI SSC) ’s PCI Data Security Standard PCI DSS) reflects his growing awareness of he threat to privacy and data integrity by specifically establishing requirements or cardholder data security management,including software security and other critical protective measures.This comprehensive standard is intended to help organizations proactively protect customer account data.

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