Bad news for finservs and their customers. For the first time, Verizon in its Payment Security Report showed a downtrend with organizations failing compliance assessment. Or more significantly, not sustaining full compliance.

After documenting improvements in Payment Card Industry Data Security Standard compliance over the past six years (2010 – 2016), Basking Ridge, N.J.-based Verizon's 2018 Payment Security Report now reveals a concerning downhill drift.

The Verizon Data Breach Investigations Report series showed PCI DSS, which helps businesses offering card payment facilities protect their payment systems from breaches and theft of cardholder data helping to protect payment systems from both data breaches and cardholder data theft.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).