Revised credit card security standards coming soon

The way in which credit networks store and protect information related to customers and their credit card debt will soon get a slight overhaul. According to a report from PC World, the Payment Card Industry Data Security Standard is being upgraded to version 2.0 at the start of September. The PCI DSS governs how credit card lenders must protect sensitive information they store and maintain on their networks. The report said the changes to the DSS aren’t expected to be major, but rather will clarify what the current requirements mean for companies in terms of how certain kinds of data is protected. The newest recommendations will, however, make somewhat significant changes to where on these networks cardholder information from certain businesses is held. Often, credit networks don’t know exactly where on their servers some information goes after it’s processed. These changes had to be enacted after hackers targeted several major credit networks and may have been able to steal large quantities of consumers’ identity information from their servers earlier this summer.

Press Inquiries

April Lewis-Parks
Director of Education and Public Relations

AParks@consolidatedcredit.org
1-800-728-3632 x 9344