Our Payment Card Industry (PCI) Compliance Services

CCCSO™ Certified Chief Cyber Security Officer™ Certification

Our Payment Card Industry (PCI) Compliance Services

Maintain compliance and mitigate risk with PCI DSS compliance auditing and security services.

Cyber Security Global’s experienced team of information security consultants provides PCI compliance services for all levels of merchants and service providers, helping them maintain compliance with PCI standards and mitigate technology-related risks.

Our PCI compliance services include:

  • PCI-compliant external network security scanning — fulfills the DSS vulnerability scanning requirement and requires a QSA and ASV.
  • PCI-compliant penetration testing — determines if possible vulnerabilities in Internet-facing applications and systems jeopardize cardholder data security.
  • PCI data security standard assessment services — assesses an organization’s security against PCI DSS controls and suggests gap remediation strategies.
  • PCI data security standard remediation services — provides feedback on remediation actions targeted to close identified compliance gaps.
  • PCI report on compliance (ROC) — provides an independent validation of PCI DSS compliance and a ROC that can be submitted to an acquirer or one of the card associations (VISA, MasterCard, American Express, Discover, JCB).
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The threat of credit card fraud and information theft across the global retail industry has become increasingly more prevalent in recent months. In 2014 alone, the US Federal Bureau of Investigations (FBI) revealed that over that 500 million financial records were stolen and compromised. The cost of global payment card fraud reached $14 billion and over by the end of 2014.

Identity theft, credit card fraud cost US consumers $16 billion in 2016

SOURCE: http://www.zdnet.com/article/identity-theft-credit-card-fraud-cost-us-consumers-16-billion-in-2016/

By Natalie Gagliordi for Small Business Matters | | Topic: Security

A study from Javelin Strategy & Research found that card-not-present (CNP) fraud increased 40 percent in 2016.

Instances of identity theft and credit card fraud climbed to record levels last year, according to a new study from research firm Javelin Strategy & Research.

The study found that the number of identify fraud cases rose 16 percent in 2016, costing victims a record-setting $16 billion in loses. The firm estimates that around 15.4 million US consumers were affected by fraud — nearly 2 million more than in 2015.

javelin-graph-in-press-release-final.jpg

In an obvious link to the EMV rollout, the study found that card-not-present (CNP) fraud increased 40 percent in 2016. For the most part, EMV addresses the problem of cloned cards in an offline setting, in other words, card counterfeiting and card-present (CP) fraud. However, EMV does not stop fraud for online commerce or other card-not-present transactions.

In pre-EMV days, the most prevalent type of fraud resulted from counterfeit, lost or stolen magnetic-stripe based cards, which became easy marks for hackers looking to break into retail POS systems. (See Target and Home Depot.)

But in nearly every country that has migrated to chip-embedded EMV cards, instances of fraud didn’t really go away, they just shifted somewhere else. Overwhelmingly, that somewhere else is the online channel, which holds considerably weaker authentication protocols.

Data from the UK, France and Australia show CNP fraud accounting for a greater portion of overall fraud during and after each country’s respective EMV migrations. In the UK, where the EMV liability shift occurred in 2005, CNP fraud increased almost 40 percent over a span of 10 years. In Australia, where EMV standards went into effect in 2008, CNP fraud climbed almost 20 percent in the first two years. Similarly, France saw CNP fraud increase just over 20 percent between 2007 and 2011.

From that perspective, an increase in CNP fraud in the US was a given.

Javelin’s study also found that losses associated with account takeovers, which occur when hackers gain access to a person’s financial account and make changes to contact and security information, climbed 61 percent to $2.3 billion. New-account fraud, where thieves fraudulently open accounts in someone else’s name, also increased.

“After five years of relatively small growth or even decreases in fraud, this year’s findings drives home that fraudsters never rest and when one areas is closed, they adapt and find new approaches,” said Al Pascual, SVP, research director and head of fraud and security for Javelin. “The rise of information available via data breaches is particularly troublesome for the industry and a boon for fraudsters. To successfully fight fraudsters, the industry needs to close security gaps and continue to improve and consumers must be proactive too.”

Our Global PCI Compliance Offering Covers:

System Vulnerability Assessment & Routine Testing
PCI Card holder Data Analysis & Environment Scoping
Annual Penetration Assessments & Testing
Remediation Assistance
PCI Compliance Risk Assessments
Network Segmentation Designs

Why Organizations, Firms & Businesses Choose Us

Reliability

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Integrity

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Results

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PCI Strategy Development

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Range of Industries We Cover

Retail, Wholesale & Consumer Durables
Airlines & Aviation
Hospitality & Tourism
Banking & Financial Institutions

Our Global PCI Compliance Services On The Go!