Seeking Solutions to One of the Largest Security Concerns of our Time

“The recent breaches at retailers underscore the complex nature of payment card security. A complex problem cannot be solved by any single technology, standard, mandate, or regulation. It cannot be solved by a single sector of society—business, standards-setting bodies, policymakers, and law enforcement—must work together to protect the financial and privacy interests of consumers. Today, as this committee focuses on recent damaging data breaches, we know that there are criminals focusing on committing or inventing the next threat.

There is no time to waste. The PCI Security Standards Council and business must commit to promoting
stronger security protections while Congress leads efforts to combat global cyber-crimes that threaten us all.”

The Chief Financial Officer of PCI SSC speaking before the Committee on Financial Services, Subcommittee on Financial Institutions and Consumer Credit United States House of Representatives on examining efforts on data security.

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