Visa, MasterCard Unveil New Security Rules

Visa U.S.A. Inc. and MasterCard International Inc. will release new security rules in the next 30 to 60 days for all organizations that handle credit card data, a Visa official said last week.

The rules will be the first major update to the one year old Payment Card Industry data security standard, which analysts said is slowly but surely being adopted.

One set of PCI extensions is aimed at protecting credit card data from emerging Web application security threats, said Eduardo Perez, vice president of corporate risk and compliance at Foster City, Calif.-based Visa. Other new rules will require companies to ensure that any third parties that they deal with, such as hosting providers, have proper controls for securing credit card data. Visa, MasterCard Unveil New Security Rules

Linked by shanmuga Tuesday, 11th July 2006 1:07AM