The Pci-Dss Framework: Protecting Stored Cardholder Data

In: Business and Management

Submitted By jjj3
Words 3961
Pages 16
The PCI-DSS Framework: Protecting Stored Cardholder Data

Wednesday, November 25th 2009

Contents
The PCI-DSS Framework: Protecting Stored Cardholder Data 3 Introduction 3 PCI-DSS Compliance 4 Solutions for Encrypting Data at Rest 4 Data Classification, an Alternative to Encryption 8 Building Policies and Procedures 12 Conclusion 12
References 14

The PCI-DSS Framework: Protecting Stored Cardholder Data

Introduction

Payment cards, whether they are debit or credit cards are an essential component of modern commerce. EMV-based cards have already helped improve the security of millions of bank cards throughout the world, giving even more people the confidence to make payments. But there are other security concerns associated with bank cards. (Card Technology Today, 2009)

Globally, debit and credit cards are used for a wide variety of payments with Internet card payments increasingly significantly in recent years. However, with this growth in Internet-based transactions has come an increase in stories related to Card Not Present (CNP) fraud via Internet channels. (Laredo, 2008)

The proliferation of fraud and identity theft cases has put the Payment Card Industry (PCI) on the offensive frontlines. (Morse and Raval, 2008)

American Express, Discover, JCB, MasterCard, and Visa have joined forces and formed the PCI Security Standards Council, an independent organizational entity, in order to take back control of this widespread epidemic of identity thefts and fraudulent activities (PCI Security Standards Council, 2006). The PCI Security Standards Council has formulated a detailed set of 12 security requirements called PCI Data Security Standard (DSS) for merchants to follow.

While many people feel that PCI in itself may be ineffective,…...

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