Mumbai (Maharashtra) [India], October 9 (ANI/NewsVoir): Global organizations continue to put their customers' cardholder data at risk due to a lack of long term payment security strategy and execution, flags the newly released Verizon Business 2020 Payment Security Report (2020 PSR). With many companies struggling to retain qualified CISOs or security managers, the lack of long-term security thinking is severely impacting sustained compliance within the Payment Card Industry Data Security Standard (PCI DSS).
Payment data remains one of the most sought after and lucrative targets by cybercriminals with 9 out of 10 data breaches being financially motivated, as highlighted by the recent Verizon Business 2020 Data Breach Investigations Report (2020 DBIR). Within the retail sector alone, 99 percent of security incidents analyzed by the 2020 DBIR were focused on acquiring payment data for criminal use.
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