IT GRC Forum

The PCI Security Standards Council is an open global forum, launched in 2006, that is responsible for the development, management, education, and awareness of the PCI Security Standards, including the Data Security Standard (PCI DSS), Payment Application Data Security Standard (PA-DSS), and PIN Transaction Security (PTS) requirements.

Criminals often target cash machines, as well as various other automated kiosks that dispense DVDs, tickets, or other merchandise. They have discovered numerous techniques for compromising these devices. According to the ATM Industry Association (ATMIA), ATM fraud alone results in over a billion dollars in losses each year.

Retailers can temporarily rejoice (for about a minute) now that six cyber villains have been caught in two different international credit card fraud rings.

All merchants who accept credit cards are now subject to strict Payment Card Industry standards, rules, and regulations, which require a level of security that took about five years to finally implement.