Retailing's most powerful lobby is launching a campaign to change the way that credit cards and retailers interact.
Conceding that the PCI (Payment Card Industry) procedures have not been effective at stopping massive retail breaches, David Hogan, CIO of the National Retail Federation, is pushing for a radical change in tactics, one that will require Visa, MasterCard and American Express to change procedures."It is unlikely PCI will ever be able to keep pace with the continually evolving sophistication of the professional hacker, or anticipate every possible variation of future attacks," Hogan said in a letter to Bob Russo, head of the PCI Security Council. "We believe the time has come to rethink the assumptions behind PCI."
Source - eWeek
