Today, almost every organization is engaged with a third-party vendor at some level when offering products or services. Take, for instance, an e-commerce business that may not be able to function properly unless multiple third-party integrations are involved, such as CRMs, payment gateways, live chat APIs, or a shipping gateway, to name a few. Though third-party vendors are a necessary cog in the...

The emergence of innovative Financial Technology (FinTech) has spearheaded rapid growth in the digital payments sector. In recent years, global payment revenues exceeded valuations of $2.2 trillion , with a steady Compound Annual Growth Rate (CAGR) expected in the next five years. There is no denying the convenience benefits that the digital transformation of payments has brought consumers and...

One of the most common factors that can lead to cybersecurity incidents is a security misconfiguration in software or application settings. The default settings that come with the implementation of these tools and solutions are often not configured securely, and many organizations do not invest the time and resources into ensuring that they are. Several regulatory organizations have established...

The payment industry is bracing for the transition to Payment Card Industry Data Security Standard (PCI DSS) 4.0 , heralding significant changes in cybersecurity practices. As we approach the implementation of this revised standard, a critical focal point emerges: the role and new mandate of web application firewalls (WAFs) in ensuring compliance. The shift from a best practice to a prescribed...

In the past, teams incorporated security testing far after the development stage of the Software Development Lifecycle (SDLC) . Security testing would influence whether the application would to proceed to production, or get passed back to the developers for remediation. This process caused delays while teams worked on remediation or, worse yet, it increased security risks when teams released...

What is File Integrity Monitoring? The IT ecosystems of enterprises are highly dynamic. Typically, organizations react to this volatility by investing in asset discovery and Security Configuration Management (SCM). These core controls enable businesses to compile an inventory of authorized devices and monitor the configurations of those assets. In addition to managing changes to their...

The increasing popularity of online payment systems results from the world’s gradual transition to a cashless and contactless digital economy — an economy, projected in a recent Huawei white paper, to be worth $23 trillion by 2025. With digital commerce emerging as the largest segment in the projected $8.49 trillion global digital payments market in 2022, it’s not surprising that businesses are...

In March 2022, the Payment Card Industry Data Security Standard (PCI DSS) was updated with a number of new and modified requirements . Since their last update in 2018, there has been a rapid increase in the use of cloud technologies, contactless payments have become the norm, and the COVID-19 pandemic spurred a massive growth in e-commerce and online payments. At the same time, cybercriminals have...

The new PCI DSS Standard, version 4.0 , contains all the steps, best practices, and explanations required for full compliance. In fact, even an organization that does not process cardholder data could follow the PCI Standard to implement a robust cybersecurity program for any of its important data. In our series about how the new standard differs from the previous version, we examined some of the...

As we continue our review of the 12 Requirements of PCI DSS version 4.0 , one has to stop and consider, is it possible to have a favorite section of a standard? After all, most guidance documents, as well as regulations are seen as tedious distractions from the importance of getting the job done. However, depending on a person’s position and function in an organization, it is possible to “geek out...

In Part 1 of this series , we reviewed the first four sections of the new PCI standards. As we continue our examination of PCI DSS version 4.0, we will consider what organizations will need to do in order to successfully transition and satisfy this update. Requirements 5 through 9 are organized under two categories: Maintain a Vulnerability Management Program Requirement 5: Protect All Systems and...

The Payment Card Industry Security Standards Council has released its first update to their Data Security Standard (PCI DSS) since 2018. The new standard, version 4.0, is set to generally go into effect by 2024, but there are suggested updates that are not going to be required until a year after that. This, of course, creates a couple of problems for those who want to phase in the new standard...

Penetration testing is something that more companies and organizations should be considering a necessary expense. I say this because over the years the cost of data breaches and other forms of malicious intrusions and disruptions are getting costlier. Per IBM Security’s “Cost of a Data Breach Report 2021 ,” the average cost of a breach has increased 10% year over year, with the healthcare sector...

It’s not often we can say this, but 2022 is shaping up to be an exciting time in information governance, especially for those interested in compliance and compliance frameworks. We started the year in eager anticipation of the new version of the international standard for information security management systems, ISO 27001:2022, soon to be followed by version 4.0 of the PCI DSS standard. Although...

We all know that it is a question of when you will be compromised and not if you will be compromised. It is unavoidable. The goal of CIS Control 17 is to ensure that you are set up for success when that inevitable breach occurs. If an organization is neither equipped nor prepared for that potential data breach, they are not likely to succeeded in responding to the threat. Key Takeaways One...

The Payment Card Industry Data Security Standard (PCI DSS) is a benchmark with tenure in the industry, with the first version being introduced in 2004. The PCI DSS was unique when it was introduced because of its prescriptive nature and its focus on protecting cardholder data. Cybersecurity is a changing landscape, and prescriptive standards must be updated to address those changes. The most...

The way in which we interact with applications has changed dramatically over years. Enterprises use applications in day-to-day operations to manage their most sensitive data and control access to system resources. Instead of traversing a labyrinth of networks and systems, attackers today see an opening to turn an organizations applications against it to bypass network security controls and...

Enterprises today rely on partners and vendors to help manage their data. Some companies depend on third-party infrastructure for day-to-day operations, so understanding the regulations and protection standards that a service provider is promising to uphold is very important. Key Takeaways from Control 15 Identify your business needs and create a set of standards that can be used to grade services...

Earlier this year, I wrote about what’s new in Version 8 of the Center for Internet Security’s Critical Security Controls (CIS Controls). An international consortium of security professionals first created the CIS Controls back in 2008. Since then, the security community has continued to update the CIS Controls to keep pace with the evolution of technology ecosystems and emerging threat vectors...

Users who do not have the appropriate security awareness training are considered a weak link in the security of an enterprise. These untrained users are easier to exploit than finding a flaw or vulnerability in the equipment that an enterprise uses to secure its network. Attackers could convince unsuspecting users to unintentionally provide access to the enterprise network or expose sensitive...