Close to 500 votes were cast by merchants, financial institutions, service providers and associations for the initiatives they want to prioritize in 2012. The three elected groups will focus on:
Cloud eCommerce Security Risk Assessment
Participating Organizations were allowed three votes on a shortlist of seven topics that were the result of 13 proposals by the community. Successful project proposals represent a cross section of the PCI SSC community from around the globe and include active participants from CyberSource, HyTrust, Sense of Security Pty Ltd., SISAInformation Security, The UK Cards Association, Trend Micro and TSYS. "This is our first SIG election and I'm really pleased with the turnout, with a quarter of all of our Participating Organizations voting. Most impressively, a third of our votes came from outside North America showing that involvement in the Council's activity and development of PCI Standards and resources to help secure the payment chain is truly a global endeavor," said Jeremy King, European director, PCI Security Standards Council. "I'm looking forward to close collaboration between the Council and SIG membership."
Special Interest Groups are a critical forum for industry participation in Council initiatives to increase payment card security. SIGs focus on providing recommendations to the Council which often results in guidance for interpreting and implementing the PCI Standards. To date SIG participants have made significant contributions to Council resources on topics such as wireless security, EMV chip, point-to-point encryption and virtualized environments.
The Council invites any members of the PCI SSC community interested in participating in one of these SIG projects to indicate their interest by emailing sigs@pcisecuritystandards.org before November 30th. Following this, Council SIG leads will convene each group to formalize the group charter and precise scope of work project. This will be shared with the Community by the end of the year, with SIGs anticipated to start work in the beginning of 2012.
"We're delighted that risk assessment has been selected by our peers to move forward as a 2012 SIG project. I'd like to encourage anyone with expertise or interest in this topic area or the other final selections to get involved," said Dharshan Shanthamurthy, chief consultant at SISA Information Security. "Council SIGs are a great opportunity for professional development, networking, and contributing to something that will benefit the entire industry."
About the PCI Security Standards Council
The PCI Security Standards Council is an open, global forum that is responsible for the development, management, education, and awareness of the PCI Data Security Standard (PCI DSS) and related standards that increase payment data security.
Founded in 2006 by the major payment card brands American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the Council has more than 600 Participating Organizations representing merchants, banks, processors and vendors worldwide. To learn more about playing a part in securing payment card data globally, please visit: http://pcisecuritystandards.org.
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How To Boost Security Via FFIEC Compliance
With just a smartphone, users can conduct nearly all their banking business at any time of the day or night. However, all this flexibility and convenience opens up new avenues for fraud and cybercrime. Guidelines laid out by the FFIEC several years ago predate many of the capabilities-and vulnerabilities-that are in place today. In this report, we examine the latest guidelines and provide advice on how you can extend the work done to comply with FFIEC guidelines to strengthen your organization's overall security posture and keep customers and their data safe.
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FISMA may not be on your radar now, but it likely will be at some point. Geared specifically toward the federal government and its affiliate agencies and third parties, FISMA is a very specific set of requirements aimed at establishing and maintaining at least a baseline level of computer and network security. FISMA requires unique categorization and classification of information assets, not to mention a boatload of documentation to prove compliance. But once your organization achieves FISMA compliance, it will likely be compliant with just about every security mandate out there.
Other reports from the Compliance Tech Center:
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Log Management in 2012 and Beyond
2012 brings interesting changes to the log management world. Now, more than ever, it is critical to understand the impact to your log infrastructure and the solutions that will better prepare you to manage your security posture.
SANS Log Management Survey Report
Organizations are increasingly dependent on log management to support core business functions, including cost management, service level and line-of-business application monitoring, as well as traditional IT- and security-focused activities.
Cut the Time and Effort of Troubleshooting and Reporting
Organizations generate millions of logs a day and struggle with centralized collection, storage and analysis of those logs. ArcSight Logger is a universal log management solution that unifies searching, reporting, alerting and analysis across any type of IT data. It consolidates silos of logs into a single indexed repository for fast detection and mitigation of operational issues.
Get Turnkey and Automated PCI Compliance
PCI compliance monitoring is seamless with the self-contained ArcSight PCI Logger solution for log collection, storage and analysis. No database administration expertise is required and a web-based interface simplifies deployment and ongoing management.
Swiss Bank Meets Compliance Requirements and Protects Customer Data
Due to long-term data retention requirements, Swiss bank EFG needed a cost-effective way to collect, secure and store audit-quality log data in an easily accessible log repository. ArcSight Logger helps EFG meet key requirements of Switzerland?s banking laws fast and cost-effectively.
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