The number of merchants storing unencrypted data is on the rise from last year, according to one recently released study.
The report from Security Metrics found 71 percent of merchants surveyed were storing their data in an unsecured way in 2011, 8 percent higher than in 2010. The firm points out in a release that companies that fail to encrypt data are in direct violation of Payment Card Industry Data Security Standards.
“There’s so much going on in the security industry that it’s sometimes difficult to target the most important things,” said SecurityMetrics CEO Brad Caldwell. “We think these findings are a game changer for the security industry, and will help focus priorities on the bigger problem plaguing merchants today. After all, criminals can’t steal card data merchants don’t have.”
The organization in charge of the standards, the PCI council, made news in recent months after its general manager asked the public for input as it formulated new provisions for the upcoming year.Back To Blog