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Industry News

Businesses urged to proactively monitor payment processing security

By Joseph Trigliari

14/12/2009 - With all of the complicated regulations and measures required and advised for ensuring payment processing security, many businesses with merchant accounts can overlook one of the simplest, yet most important, security measures of all - monitoring.

Bob Russo, general manager of the PCI Security Standards Council, wrote in a guest column for Business Week that simple monitoring of payment processing transactions can be an important method of reducing the risk of security breaches, especially during the hectic holiday season.

Russo advised businesses to keep an eye on registers and all other transaction infrastructure, including implementing physical surveillance such as closed-circuit monitoring of POS terminals when possible.

Record-keeping is another important aspect of monitoring and detection, said Russo.

"Ensure your organisation keeps timely, accurate, and unaltered records of what has taken place within the cardholder data environment (who, what, when, and how) to protect it in the event of a data compromise and resulting investigation," he wrote.

Monitoring and detection of payment processing security risks, though seemingly simple enough, seems to be an area in which businesses are slacking - a recent survey from Verizon Business found that 75 percent of all security breaches were undiscovered and uncontained for weeks or even months.
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