24 May 2017
Find out more

PCI Security Standards Council calls for password security ambassadors

12 June 2014  |  2326 views  |  1 Source: PCI Security Standards Council

Speaking at the U.S. Chamber of Commerce 10th Annual America's Small Business Summit and Small Business Expo this week, the PCI Security Standards Council (PCI SSC), an open, global forum for the development of payment card security standards, initiated a call for 50 organizations to step forward in a collaborative effort to increase payment security awareness in the global small business community.

The Passwords for Payments (P4P) initiative will educate small businesses on how to use strong passwords on point-of-sale devices and computers to reduce their chances of being breached.

"Hacking easily guessed or weak passwords on payment systems is one of the leading methods criminals use to steal valuable credit and debit card information from small businesses today," said Bob Russo, general manager, PCI Security Standards Council. "Yet, the majority of these companies don't even know there's a password on these systems, let alone where to find it or how to change it."

Organizations that share PCI SSC's vision to educate small merchants about password security in payments are invited to become official Passwords for Payments ambassadors. The coalition will have an official kick-off call on Wednesday, 09 July to discuss awareness building activities.

"Payment security is a shared responsibility. We need everyone to help educate the small business, and that's the main driver behind the P4P initiative," said Bob Russo, general manager, PCI Security Standards Council.

Comments: (1)

A Finextra member
A Finextra member | 27 June, 2014, 19:02

Calling PCI an "open" forum is clearly not right: PCI SSC is governed by a handful of global schemes and they are doing everything they can to keep other schemes out!

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comVisit www.capgemini.com/worldreportsvisit www.response.ncr.com

Top topics

Most viewed Most shared
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8795 views comments | 29 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8790 views comments | 27 tweets | 28 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8574 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8559 views comments | 21 tweets | 24 linkedin
hands typing furiouslyOpen APIs - Leveraging Banking As a Servic...
6521 views 1 | 7 tweets | 9 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job