Tagged as: PCI

20 Apr
2017

Fintech is Solving Problems in Finance, but Introducing Risk Part 2 of 3

In our last installment, we covered what fintech is, and how it is creating new revenue streams by changing the way money moves between organizations and customers. We also covered how the security architecture of the fintech can introduce massive risk into your organization. Fintech is utilizing a number of

12 Apr
2017

Fintech is Solving Problems in Finance, but Introducing Risk – Part 1 of 3

As financial institutions move away from legacy environments to full digitization, they are realizing that they are not able to offer all of the digital financial services because of prohibitive development costs, speed to market, lack of technical resources…

28 Dec
2015

Cyber-Criminals Want Your PII — Is Your Data Secure?

Personally Identifiable Information (PII) is the most valuable information for the worldwide network of fraudsters. PII records generally sell for around $50/record on the black market, as opposed to around $5/payment account number (PAN). You can do the ugly math on the Anthem healthcare hack that exposed 78 million records.

29 Oct
2015

European Union High Courts Strike Down Safe Harbor – TokenEx is Prepared

Recently the European Union’s (EU) Highest Court struck down Safe Harbor, an agreement between the United States and the EU regarding the sharing of data between the regions for business purposes. From reports, there are approximately 4,500 US organizations that will be impacted by this ruling, including data vault and

28 Oct
2015

Overcoming Major Data Security Challenges in Retail Petroleum Part 3

Part Three of a Three Part Blog: Industry Recommendations for Implementing a Tokenization Solution Looking back on the first two blogs in this series on the Retail Petroleum industry, I focused on the challenges of payment data security that this diverse industry faces. Chief among them is the different channels

19 Oct
2015

Overcoming Major Data Security Challenges in Retail Petroleum Part 2

EMV is More Expensive Than You Think As discussed in the previous blog posting, with the sheer amount of transactional data flowing through retail petroleum industry environments, data security presents a challenging series of initiatives to overcome. With multiple technologies touching the payment stream—from the automated fuel dispenser to the

23 Sep
2015

Overcoming Major Data Security Challenges in Retail Petroleum Part 1

Part One of a Three Part Blog:  Understanding Data Security Challenges in the Retail Petroleum Industry Receiving, storing, and transmitting sensitive data presents challenges for every business. One of the riskiest datasets to handle is payment card data, as it is easy to steal, sell, and use for fraudulent purchases. Due