Data breach incidents 'highlight need' for PCI DSS compliance

2009-08-03

Recent data breach incidents in the electronic payment processing industry have highlighted the need for PCI Data Security Standards (PCI DSS) compliance monitoring, it has been claimed.

"At Momentum, we are dedicated to ensuring PCI compliance so that our small-to-medium sized merchants are secure in meeting all regulatory requirements for protecting cardholder data," said vice-president of operations at Momentum Payment Systems Robel Sebany.

Momentum has announced it has successfully completed its PCI annual review.

It claimed that it has introduced measures to help its merchants in compliance with the PCI Data Security Standards, which are designed to protect cardholders' information.

These measures have also been brought in to provide a single-source solution for merchants' processing needs.

Members of CIFAS - The UK's Fraud Prevention Service recently reported a 74 per cent rise in identity fraud during the first half of this year, in comparison with the same period in 2008.

They also revealed a 43 per cent rise in the number of victims of impersonation.

Read more security news.