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Security Execs Say It's Too Early for Judgment on PCI Rules

MADISON, Wis. -- Security executives with leading credit union insurance and credit card portfolio managers sought to reassure the industry that it's still too early in the investigation of the card security breach at the Hannaford Bros Co. grocery chain to make any judgments about the industry's card security standards.

By David Morrison | Updated on March 28, 2008

MADISON, Wis. — Security executives with leading credit union insurance and credit card portfolio managers sought to reassure the industry that it’s still too early in the investigation of the card security breach at the Hannaford Bros Co. grocery chain to make any judgments about the industry’s card security standards.

Hannaford, which estimated the number of card accounts compromised at up to 4.2 million in a period of between December 10 and March 10, said it was compliant with PCI at the time of the breach. This has led some to wonder at the relative worth of the Payment Card Industry rules, which card industry leaders have made a key part of their effort to reign in card fraud.

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