26 November 2015


Retired Member

1,294Posts 4,401,406Views 1,542Comments

Information Security

The risks from Cyber cime - Hacking - Loss of Data Privacy - Identity Theft and other topical threats - can be greatly reduced by implementation of robust IT Security controls ...

New Years Regulations

23 December 2010  |  5124 views  |  0

As 2010 draws to a close, it seems an appropriate time to consider the changes that have taken place over the last twelve months and look ahead to the coming year.

In terms of payments security, 2010 was a big year for PCI DSS, with version 2.0 of the standard coming into force. Despite showing progress and clarifying a few points, however, it’s fair to say that the long awaited updated didn’t provide as much of a big bang as some were hoping for. Another such generic update to the standard will not answer people’s questions, especially around more concrete requirements for various technology areas. Instead we look forward to the specific validation guidance documents that are slated for release in 2011.

With these developments happening, companies need to remember that PCI compliance is only one piece of the security landscape.  It requires much more than PCI DSS to keep up with the evolving security threats against their data.

Another area set for big things in 2011 is of course the cloud. Hopefully not another volcanic one, nor a hazy, post Christmas over indulgence one, but a cloud that enables individuals and businesses to store inordinate amounts of data virtually. We expect that organisations will start preparing for the cloud in 2011, but also that they will not fully migrate. This is because there has been a growing realisation that 2011 security budgets need to focus on enhancing private security infrastructure before they can take full advantage of the scalability, efficiency and financial benefits that cloud computing will ultimately bring.


Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Retired

Big Data Pitfalls: The Amateur Data Scientist

26 October 2015  |  1615 views  |  0  |  Recommends 0 TagsInnovation

Reflections on FinovateFall: Mobile, Money and Millennials

24 September 2015  |  1079 views  |  0  |  Recommends 0 TagsPaymentsInnovation

Interoperability: Prerequisite for Next Generation of Mobile Money

08 September 2015  |  1899 views  |  0  |  Recommends 0 TagsPaymentsInnovation

Think More Broadly: Banks CAN Monetize Cash Transactions

31 August 2015  |  1561 views  |  0  |  Recommends 0 TagsPaymentsInnovation

Software development in the retail FX Industry

28 August 2015  |  386 views  |  0  |  Recommends 0 TagsTrade execution

Retired's profile

job title
member since 2014
Summary profile See full profile »

Retired's expertise

What Retired reads
Retired writes about

Who's commenting on Retired's posts

Ketharaman Swaminathan
Brendan Burge
Astrid Mitchell
Balasubramaniam GD
Tony Ballardie
Graham Seel
Bjorn Soland
John Candido
Gregg Weintraub
Stanley Epstein
Charmaine Oak
Roy Vella