Identity Theft Expert Speaker Robert Siciliano www.IDTheftSecurity.com ; Regulators:Thanks PCI, but we’ll take it from here

Much has been said since PCIs inception. The following article does an excellent job of summarizing the crux of the issue. Unfortunately for the credit card industry and retailers as a whole, PCI is considered (and I believe) a self serving entity to stave off government intervention. Its hard to fathom that the end may be near for PCI due to their self serving image. While significant effort has been made to change the way data is processed, there has been a lack of effort regarding implementing technology’s necessary to identify, authenticate and and make all accountable for the credit they have been authorized.

Government intervention will be a good thing for PCI. Heres why, most government officials know nothing about security. Politicians as a whole are clueless regarding most issues they are confronted with and have staff to brief them on the issues. Key word “BRIEF”. Worse, they interpret everything based on how it can get them re-elected.

This all means that PCI will sit in front of congress answering stupid questions that they have to be prepared to answer. They will have to go beyond the call of duties to satisfy some of the dumbest people on earth. That will require incredible due diligence.

January 9, 2009 – 3:20 P.M.
Regulators:Thanks PCI, but we’ll take it from here
TAGS:data breaches, data security, PCI, regulators, retail security
IT TOPICS:Government & Regulation, Security

The Payment Card Industry Data Security Standard (PCI DSS) being pushed by the major credit card companies has probably done a lot to stave off state and federally mandated controls for protecting customer credit and debit card data up to now. The big question as a new year begins, is for how much longer though?