PCI European Security Standards Council to meet in Nice

The annual PCI SSC meeting is scheduled to take place next week in Nice, France, where stakeholders in the payment card industry will come together to give feedback and suggestions regarding drafts of the upcoming release of PCI DSS version 3.

Sponsored by Ground Labs, a software company for cardholder data PCI Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, participants will also be able to mingle to achieve the mutual sharing of best practices for protecting cardholder data.

"With the release of v3.0 of the PCI DSS, industry stakeholders once again come together to support the PCI council's efforts in publishing and maintaining a common set of security standards for all to follow," said Mohamed Zouine, EMEA Director of Corporate Development for Ground Labs. "As cardholder data compromises continue to make news headlines, it is crucial that we as an industry combine our collective efforts toward the goal of keeping cardholder data safe.”

As reported in a past Payment Magnates publication, some changes that we can expect from version 3 of the standards may reflect a focus on flexibility, to make compliance accessible and easier to implement, better guidance and education, in general and regarding passwords, as well as, a drive for security to be seen as the collective responsibility of all e-commerce participants.