A recent Visa-Economist poll of global executives was released at Visa’s Summit this Spring. The report demonstrated that over 75 percent said a C-level executive is now responsible for payment security within their company, which is a great indicator of data security being given more prominence in business.
Moving the charter of safeguarding data to the C-Suite is a good start but thanks to investment and innovative security solutions, “fraud rates in the credit card industry remain near all-time lows,” said Ellen Richey, Chief Enterprise Risk Officer, Visa Inc.
Richey goes on to note the real progress and inroads PCI has made, pointing to 90% of large U.S. merchants now validating compliance and goes into details about the Heartland breach, how a vigilant PCI can contribute to overall data security and the state of data security in credit cards in her talk.
Good read…
