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Some Say Credit Card Fraud Bust Means PCI-DSS Isn’t Enough

Experts say that the international takedown that resulted in 24 arrests for credit card fraud illustrates problems inherent in the Payment Card Industry Data Security Standard (PCI DSS).

The two-year operation, dubbed Operation Card Shop, revealed that cards from 47 different institutions were compromised. It also underscores the need “to move beyond check-the-box regulatory compliance.” Some have questioned whether the breached entities will face fines from the PCI Council as a result. Still others say that while news of the arrests is positive, they ultimately will not have an effect of the amount of credit card fraud that is occurring.

Posted in Information Security.