Attacks/Breaches

2/11/2014
04:26 AM

Verizon Report: Many Organizations Still Fall Short On PCI Compliance

Ongoing PCI compliance is up, but many enterprises still aren't meeting requirements, Verizon study says



Enterprises have improved their compliance with the Payment Card Industry Data Security Standard (PCI DSS), but they tend to fall out of compliance between audits, a new report says.

According to the Verizon 2014 PCI Compliance Report, which was released today, more than 82 percent of organizations were compliant with at least 80 percent of the PCI standard at the time of their annual baseline assessments in 2013, compared to just 32 percent in 2012.

The study, which aggregates data from actual PCI assessments done by Verizon during the course of the year, offers a look at the actual experiences of businesses that must comply with PCI DSS, which is the mandated set of guidelines for any organization that handles credit card transactions.

While assessment-time compliance is up, many organizations tend to fall out of compliance between audits, the study says.

"We continue to see many organizations viewing PCI compliance as a single annual event, unaware that compliance needs to have a 365-day-a-year focus," stated Rodolphe Simonetti, managing director for the PCI practice at Verizon Enterprise Solutions.

Areas where businesses struggle the most in achieving initial compliance include security testing (23.8 percent); security monitoring and the ability to effectively detect and respond to data compromised (17 percent); and protecting stored sensitive data (55.6 percent), the report says.

The compliance problem is not an issue of technology or flaws in the standards, but in the ongoing implementation, Verizon states.

"Anything less than 100 percent compliance is an issue for businesses today," Simonetti said . "We have seen time and time again that noncompliance leaves an organization open to credit card theft, which can potentially cost hundreds of millions of dollars when you factor in all the damages -- not to mention lost consumer trust and the impact on brand reputation. Organizations need to rethink how they factor in maintaining a PCI-compliant environment, whether it's devoting more resources or working with a managed security services provider."

Have a comment on this story? Please click "Add a Comment" below. If you'd like to contact Dark Reading's editors directly, send us a message. Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
6 Ways Greed Has a Negative Effect on Cybersecurity
Joshua Goldfarb, Co-founder & Chief Product Officer, IDRRA ,  6/11/2018
Weaponizing IPv6 to Bypass IPv4 Security
John Anderson, Principal Security Consultant, Trustwave Spiderlabs,  6/12/2018
'Shift Left' & the Connected Car
Rohit Sethi, COO of Security Compass,  6/12/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-12026
PUBLISHED: 2018-06-17
During the spawning of a malicious Passenger-managed application, SpawningKit in Phusion Passenger 5.3.x before 5.3.2 allows such applications to replace key files or directories in the spawning communication directory with symlinks. This then could result in arbitrary reads and writes, which in tur...
CVE-2018-12027
PUBLISHED: 2018-06-17
An Insecure Permissions vulnerability in SpawningKit in Phusion Passenger 5.3.x before 5.3.2 causes information disclosure in the following situation: given a Passenger-spawned application process that reports that it listens on a certain Unix domain socket, if any of the parent directories of said ...
CVE-2018-12028
PUBLISHED: 2018-06-17
An Incorrect Access Control vulnerability in SpawningKit in Phusion Passenger 5.3.x before 5.3.2 allows a Passenger-managed malicious application, upon spawning a child process, to report an arbitrary different PID back to Passenger's process manager. If the malicious application then generates an e...
CVE-2018-12029
PUBLISHED: 2018-06-17
A race condition in the nginx module in Phusion Passenger 3.x through 5.x before 5.3.2 allows local escalation of privileges when a non-standard passenger_instance_registry_dir with insufficiently strict permissions is configured. Replacing a file with a symlink after the file was created, but befor...
CVE-2018-12071
PUBLISHED: 2018-06-17
A Session Fixation issue exists in CodeIgniter before 3.1.9 because session.use_strict_mode in the Session Library was mishandled.