September 21, 2007

Businesses not meeting security requirements

In a report published by security firm Verisign, they claim that over half of all businesses are not sticking to the security requirements that of the data security standards that have been established by the payment card industry.

The main reason for this is that companies are failing to carry out a regular audit of the data that the company stores.

For companies that are found to be non compliant with the industry standards, there are a number of measures that can be made against them, these include financial penalties and the possibility of losing the ability to process credit card transactions.

Companies are being urged to check and rigorously maintain the data that they have stored.

Source [VNU Net]

Filed Under Security