Retailers, Hotels Hit By Majority Of Cyber-Crime

According to this article by Tech Week Europe, “Hotels, restaurants and shops accounted for 78 percent of the breaches analysed by security firm Trustwave in 2012.” Read more to learn about easy targets, web flaws targeted and Russian data dumps.

Academics Examine the Need for Government Intervention in Payment Card Security.

In December 2012, the DePaul Business & Commercial Law Journal published an article, “Private Ordering in Light of the Law: Achieving Consumer Protection through Payment Card Security Measures.”  The article examines the need for government intervention in payment card security or whether market solutions and private payment card security regimes, such as the PCI Data […]

Europol Publishes Report Identifying Payment Card Security Risks.

On January 7th, Europol published its “Situation Report: Payment Card Fraud 2012,” which includes certain findings of particular significance to the hospitality industry in the United States, including: The Report concludes that the criminal market for payment card fraud within the European Union is dominated by well-structured and globally-active organized crime groups. The Report also […]

5 Min of Style Notes: 01/30/13

Thanks to those who attended. Today we discussed how in order to develop a Learning Strategy we must provide situational awareness research which we call a Current State Assessment. At the Venza Group we have  three components and the Five Elements that must be researched in order to provide a holistic current state analysis. The […]

I’d like a room … no Passwords, please.

This year, if you attend any of the signature events that draw crowds made up of our hospitality technology-focused brethren such as the Hospitality Technology Expo in London, the International Hospitality Technology Forum in Lisbon or HITEC in Minneapolis, you’re sure to hear a considerable amount of talk about security and PCI-DSS compliance. This is, […]

Global Payments Inc. Spends $93.9 Million Following Data Breach; Seeks Return to List of Preferred PCI Compliant Service Providers.

Global Payments is one of the world’s largest electronic transaction processing companies.  In March 2012, Global Payments acknowledged that a breach had compromised its payment network, exposing 1.5 million or more accounts.  Compromised credit card security information included card-verification value codes and card numbers. On January 8, 2013, Global Payments filed its quarterly report with […]

The Federal Trade Commission Issues Report on Payment Card Networks and Debit Card Transactions.

On December 26, 2012, the Federal Trade Commission (FTC) issued a report to Congress describing steps that the FTC has taken in connection with payment card industry compliance with the Dodd-Frank Wall Street Reform and Consumer Protection Act and related implementing regulations by the Federal Reserve. The new rules are designed to prevent payment card […]

The New Areas of Study for the PCI Standards Security Council Could Impact PCI Compliance Training and PCI Compliance Programs for Hoteliers.

On November 28th, the PCI Standards Security Council (SSC) announced the results of the PCI Council election for areas of study for the Special Interest Groups (SIGS), which leverages the expertise of more than 650 PCI SSC Participating Organizations into the work of the Council.  The PCI community; including merchants, financial institutions, service providers and […]

A Recent Payment Card Threat Report Validates the Need for Hoteliers to Implement Robust PCI Compliance Programs.

On November 28th, SecurityMetrics published its second annual Payment Card Threat Report.   The report identified the hospitality industry as one of the most targeted by cybercriminals in order to compromise credit card security. The report states that the hospitality industry accounted for 18% of the total unencrypted payment card data storage among businesses tested. […]

Multi-Million Dollar Settlement of Lawsuit Over Sexual Assault at Sofitel Hotel is a Reminder to Hoteliers of the Need for Rigorous Sexual Harassment Prevention Training.

Former IMF head Dominique Strauss-Kahn has reportedly settled the lawsuit filed against him by a Sofitel Hotel housekeeper who accused him of sexually assaulting her in his hotel room.  The amount of the private settlement is rumored to be $6 million. Had the case gone to trial, lawyers for the housekeeper—Nafissatou Diallo—told a New York […]