Attacks/Breaches
2/11/2014
04:26 AM
Tim Wilson
Tim Wilson
Quick Hits
Connect Directly
RSS
E-Mail
50%
50%
Repost This

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
Register for Dark Reading Newsletters
White Papers
Flash Poll
Current Issue
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2011-3154
Published: 2014-04-17
DistUpgrade/DistUpgradeViewKDE.py in Update Manager before 1:0.87.31.1, 1:0.134.x before 1:0.134.11.1, 1:0.142.x before 1:0.142.23.1, 1:0.150.x before 1:0.150.5.1, and 1:0.152.x before 1:0.152.25.5 does not properly create temporary files, which allows local users to obtain the XAUTHORITY file conte...

CVE-2013-2143
Published: 2014-04-17
The users controller in Katello 1.5.0-14 and earlier, and Red Hat Satellite, does not check authorization for the update_roles action, which allows remote authenticated users to gain privileges by setting a user account to an administrator account.

CVE-2014-0036
Published: 2014-04-17
The rbovirt gem before 0.0.24 for Ruby uses the rest-client gem with SSL verification disabled, which allows remote attackers to conduct man-in-the-middle attacks via unspecified vectors.

CVE-2014-0054
Published: 2014-04-17
The Jaxb2RootElementHttpMessageConverter in Spring MVC in Spring Framework before 3.2.8 and 4.0.0 before 4.0.2 does not disable external entity resolution, which allows remote attackers to read arbitrary files, cause a denial of service, and conduct CSRF attacks via crafted XML, aka an XML External ...

CVE-2014-0071
Published: 2014-04-17
PackStack in Red Hat OpenStack 4.0 does not enforce the default security groups when deployed to Neutron, which allows remote attackers to bypass intended access restrictions and make unauthorized connections.

Best of the Web