Payment Card Industry Swallows Its Own Tail
paisano1 | 04/02/2009
Anyone who has been following the cascade of security failures plaguing the payment card industry in the last year, and punctuated by the still-shrouded breaches at RBS WorldPay (RBS) and Heartland Payment systems (HPY), has to acknowledge that there are major problems with security that need to be addressed pronto. But the greatest threat to the survival of PCI DSS (Payment Card Industry Data Security Standard) may not be the ever-evolving tactics of the criminal hackers intent on a “big score,” but instead the dysfunctional nature of the relationships between the very parties the standards are meant to serve.
