Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

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

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 8/3/2020
Pen Testers Who Got Arrested Doing Their Jobs Tell All
Kelly Jackson Higgins, Executive Editor at Dark Reading,  8/5/2020
New 'Nanodegree' Program Provides Hands-On Cybersecurity Training
Nicole Ferraro, Contributing Writer,  8/3/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Changing Face of Threat Intelligence
The Changing Face of Threat Intelligence
This special report takes a look at how enterprises are using threat intelligence, as well as emerging best practices for integrating threat intel into security operations and incident response. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-15058
PUBLISHED: 2020-08-07
Lindy 42633 4-Port USB 2.0 Gigabit Network Server 2.078.000 devices allow an attacker on the same network to elevate privileges because the administrative password can be discovered by sniffing unencrypted UDP traffic.
CVE-2020-15059
PUBLISHED: 2020-08-07
Lindy 42633 4-Port USB 2.0 Gigabit Network Server 2.078.000 devices allow an attacker on the same network to bypass authentication via a web-administration request that lacks a password parameter.
CVE-2020-15060
PUBLISHED: 2020-08-07
Lindy 42633 4-Port USB 2.0 Gigabit Network Server 2.078.000 devices allow an attacker on the same network to conduct persistent XSS attacks by leveraging administrative privileges to set a crafted server name.
CVE-2020-15061
PUBLISHED: 2020-08-07
Lindy 42633 4-Port USB 2.0 Gigabit Network Server 2.078.000 devices allow an attacker on the same network to denial-of-service the device via long input values.
CVE-2020-15062
PUBLISHED: 2020-08-07
DIGITUS DA-70254 4-Port Gigabit Network Hub 2.073.000.E0008 devices allow an attacker on the same network to elevate privileges because the administrative password can be discovered by sniffing unencrypted UDP traffic.