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.

Endpoint

1/27/2014
04:39 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Electronic Transactions Association (ETA) Updates Congress On Payments Industry Security

Letter reiterated the payments industry's support for a uniform, national standard for data breach notification

WASHINGTON, Jan. 27, 2014 /PRNewswire-USNewswire/ -- The Electronic Transactions Association (ETA), the global trade association representing the payments technology world, today sent a letter to congressional leaders updating Congress on the state of payments networks that address the growing threat of cybercrime and data breaches.

The letter reiterated the payments industry's support for a uniform, national standard for data breach notification, bringing clarity for companies that maintain data and consumers who may be harmed by criminal breaches. Currently,

46 state laws create an untenable patchwork of obligations that can prevent consumers from getting timely access to information.

"The best and fastest way to protect the safety and security of consumer's financial data is to allow the marketplace to innovate, rather than add to heavy existing regulations from 20 federal agencies and 50 states; and for Congress to set a uniform national standard for reporting financial data security breaches", Oxman stated.

The letter also stressed the importance of collaboration among the payments and retail industries. Merchants play an important role in securing their points of access to our nation's payments infrastructure, and it is imperative that merchants take significant steps to upgrade their systems, particularly in the wake of recent breaches. ETA stated it stands ready to work with merchants to ensure consumer data is protected at the point of sale.

The more than five hundred members of ETA are the first line of defense for consumers to avoid the fraud perpetuated by criminals in the financial systems.

Even where a retailer is breached, our payments systems are designed to protect consumers with zero liability and fraud prevention and detection tools.

Click here to access the letter.

About ETA

As the only organization leading and representing the payments technology industry, ETA offers cutting edge news and information, facilitates business connections and growth, provides a standard of industry certification, and advocates on issues critical to their members' success. ETA's more than 500 members represent over $4 trillion in annual payments processed in the U.S.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 5/22/2020
How an Industry Consortium Can Reinvent Security Solution Testing
Henry Harrison, Co-founder & Chief Technology Officer, Garrison,  5/21/2020
Is Zero Trust the Best Answer to the COVID-19 Lockdown?
Dan Blum, Cybersecurity & Risk Management Strategist,  5/20/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-13485
PUBLISHED: 2020-05-25
The Knock Knock plugin before 1.2.8 for Craft CMS allows IP Whitelist bypass via an X-Forwarded-For HTTP header.
CVE-2020-13486
PUBLISHED: 2020-05-25
The Knock Knock plugin before 1.2.8 for Craft CMS allows malicious redirection.
CVE-2020-13482
PUBLISHED: 2020-05-25
EM-HTTP-Request 1.1.5 uses the library eventmachine in an insecure way that allows an attacker to perform a man-in-the-middle attack against users of the library. The hostname in a TLS server certificate is not verified.
CVE-2020-13458
PUBLISHED: 2020-05-25
An issue was discovered in the Image Resizer plugin before 2.0.9 for Craft CMS. There are CSRF issues with the log-clear controller action.
CVE-2020-13459
PUBLISHED: 2020-05-25
An issue was discovered in the Image Resizer plugin before 2.0.9 for Craft CMS. There is stored XSS in the Bulk Resize action.