Title: Introduction to Fraud, ID Theft, and Regulatory Mandates
Abstract: Information technologists are affected by a number of laws and regulations designed to coax businesses into addressing their security problems. Depending on company's industry, it may fall under Sarbanes–Oxley (SOX), the Gramm–Leach–Bliley Act of 1999 (GLBA), the Health Insurance Portability and Accountability Act (HIPAA), Federal Information Security Management Act (FISMA), and other regulatory mandates. Card companies recognized the rising threat to their brands and the large payment systems they invested in, and eventually they came together to develop the Payment Card Industry (PCI) Data Security Standards (DSS). The credit card industry has taken proactive steps to assure the integrity, and security of credit card data and transactions, and maintains the public trust in credit cards as a primary means of transacting money. Major retailers and larger enterprises are well aware of the PCI DSS. They have dedicated teams that focus on security and on PCI DSS compliance. They have the resources and the budget to bring in third-parties to assess and remediate issues. If the business accepts, processes, transmits, or in any other way handles credit card transactions, they must comply with PCI DSS.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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