As we enter into the last quarter of the year, it is time to start thinking about those year-end deadlines. One important deadline to keep in mind is the deadline to be compliant with the updated PCI DSS 2.0 standards. The 2.0 standards were announced the fall of 2010, and merchants have been informed with ample time to prepare and meet the requirements of the new standards.
Many businesses have already made the proper changes, but for those who haven’t, now is the time to review the new guidelines and to take the proper steps to being in compliance. There are no significant changes in the transition from version 1.2.1 to 2.0. The updates are just extensions and clarifications of the current standards, so you should take a moment to review them. (more…)
When you think of a data breach, you usually think of how it negatively affects the breached business and their customers. Did you ever wonder what happens to the actual businesses that falls victim to the fraudulent charges, and how they are affected? Well, it’s not a pretty picture!
Many of you probably assume that if fraudulent charges are made on your personal credit or debit cards that those charges will be covered and you won’t be held liable for those transactions. But, depending on the situation that may not be the case. Banks take a major hit, absorbing a large portion of the financial loss. Although, in most instances, the merchants that accepted the fraudulent charges are the one’s responsible to pay back their customers, even though, the goods/services were technically “stolen” from them. (more…)
A data breach that exposed 40,000 credit and debit cards was recently reported at Vacationland Vendors’ arcades. The company announced in a press release that the breach affected cardholder data used at arcades in WildernessWaterpark Resort locations in both Wisconsin Dells and Sevierville, Tenn.
According to recent reports, a computer hacker gained access into the Point-of-Sale (POS) system on March 22, 2011. However, the company did not discover the breach until just earlier this month. All those who used a credit or debit card at either of those locations between December 12, 2008, and May 25, 2011, are now at risk and are being told to pay close attention for any unusual card activity.
Only transactions made in the arcades, not at the resort itself, were affected by the breach and it is believed that no more than 20 cards have been implicated. However, the negative impact brought on by the breach will most likely cause substantial lost revenue for not only the arcad, but also the affiliated Wilderness Resort. (more…)