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.

Perimeter

11/28/2012
02:49 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Study Finds Unencrypted Payment Data On Business Networks Remains At 70%

SecurityMetrics PANscan finds financial, hospitality, retail industries store most info

OREM, Utah, Nov. 28, 2012 /PRNewswire/ -- SecurityMetrics, a leading provider of payment data security and compliance solutions, today published its second annual Payment Card Threat Report revealing unencrypted PAN (Primary Account Number) storage remains alarmingly high. Virtually no change occurred between 2011 and 2012, with card data storage on corporate systems declining less than one quarter of a percent (.24%). The study exposed that greater than 10% of merchants store magnetic stripe track data, essential for the illegal reproduction of credit and debit cards. Financial, hospitality, and retail industries accounted for 55% of the total unencrypted payment card data storage among businesses tested.

"Hackers proactively search for unencrypted card data because it takes less effort to steal," said Director of Security Assessment, Gary Glover. "Whether a business stores unencrypted card data because of an improperly configured payment application, or because employees handle data improperly, storing card data without encryption is against industry regulation."

Businesses that store unencrypted payment card data directly violate Payment Card Industry Data Security Standard (PCI DSS) requirements and are more likely to be exploited and suffer severe financial repercussions. Credit card fraud costs U.S. establishments $52.6 billion per year1, and unencrypted card data storage financially plagues both businesses and consumers when discovered by criminals.

SecurityMetrics releases its annual study to encourage businesses to realize the unknown danger of unencrypted card data storage and the devastating fines that follow. Core to the study was PANscan, a card discovery tool that searches for unencrypted track 1, track 2 and PAN data on networks. To view the report, or download PANscan to determine if your business is storing data, visit https://www.securitymetrics.com/sm/pub/panscan/resources.

About SecurityMetrics (www.securitymetrics.com) SecurityMetrics assists in protecting electronic commerce and payments leaders, global acquirers, and their retail customers from security breaches and data theft. The company is a leading provider and innovator in merchant data security and compliance, and as an Approved Scanning Vendor and Qualified Security Assessor, has helped over 1 million organizations manage PCI DSS compliance and/or secure their network infrastructure, data communication, and other information assets. Founded in October 2000, SecurityMetrics is a privately held company headquartered in Orem, Utah, USA.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
News
Inside the Ransomware Campaigns Targeting Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/2/2021
Commentary
Beyond MITRE ATT&CK: The Case for a New Cyber Kill Chain
Rik Turner, Principal Analyst, Infrastructure Solutions, Omdia,  3/30/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-21392
PUBLISHED: 2021-04-12
Synapse is a Matrix reference homeserver written in python (pypi package matrix-synapse). Matrix is an ecosystem for open federated Instant Messaging and VoIP. In Synapse before version 1.28.0 requests to user provided domains were not restricted to external IP addresses when transitional IPv6 addre...
CVE-2021-21393
PUBLISHED: 2021-04-12
Synapse is a Matrix reference homeserver written in python (pypi package matrix-synapse). Matrix is an ecosystem for open federated Instant Messaging and VoIP. In Synapse before version 1.28.0 Synapse is missing input validation of some parameters on the endpoints used to confirm third-party identif...
CVE-2021-29429
PUBLISHED: 2021-04-12
In Gradle before version 7.0, files created with open permissions in the system temporary directory can allow an attacker to access information downloaded by Gradle. Some builds could be vulnerable to a local information disclosure. Remote files accessed through TextResourceFactory are downloaded in...
CVE-2021-21394
PUBLISHED: 2021-04-12
Synapse is a Matrix reference homeserver written in python (pypi package matrix-synapse). Matrix is an ecosystem for open federated Instant Messaging and VoIP. In Synapse before version 1.28.0 Synapse is missing input validation of some parameters on the endpoints used to confirm third-party identif...
CVE-2021-22497
PUBLISHED: 2021-04-12
Advanced Authentication versions prior to 6.3 SP4 have a potential broken authentication due to improper session management issue.