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Financial Services Law Insights and Observations

Payment Industry Council Issues Best Practices For Security Awareness

Privacy/Cyber Risk & Data Security

Privacy, Cyber Risk & Data Security

Recently, the Payment Card Industry (PCI) Security Standards Council published guidance to help organizations strengthen their security awareness. The guidance, developed by retailers, banks, and technology providers, details three recommendations for implementing a security awareness program: (i) Assembling a security awareness team, (ii) Developing appropriate security awareness content for your organization, and (iii) Creating a security awareness checklist. The PCI Security Standards Council is an open global forum comprised of more than 650 organizations, including banks, merchants, processors, and vendors, responsible for the development, management, education, awareness, and standards to increase payment data security.