PCI Council looks for ways to stem data breaches after bad year
A consortium that develops guidelines for protecting payment card data is hoping that emerging security technologies will help prevent breaches that made this year one of the worst ever on the security front.
“It’s been a bad year,” said Jeremy King, international director of the PCI Security Standards Council, at its Asia-Pacific Community Meeting in Sydney on Tuesday. “We hope to get better. Unfortunately, the criminals are getting better.”
As many as 2.3 billion records were compromised this year, a figure close to the populations of India and China combined, King said.
One of the largest individual breaches was recorded by Home Depot, which lost 56 million payment cards in an attack on its point-of-sale system, launched after a third-party vendor’s credentials to its network were compromised.