Nt1310 Unit 7

There are advantages and ways that a single physician medical practice can start a card payment system. According to the research firm Javelin Strategy and Research. By the year 2017, twenty-three percent of all point of sale or counter sales will be made in cash ( Brooks, 2014). What this means is that over seventy percent of counter sales or point of sale transactions will be made electronically. It is, for this reason, prudent for all forms of business to ensure that they can evolve with the market. If the business is unable to do so, it is likely to lose its edge over its competitors. The Payment Card Industry Data Security Standard, are the rules that regulate the way businesses or organisations handle credit card information or data.

The person (Karen), interviewed at the MetroHealth System: Cleveland, OH, is a manager in Information Technology (IT) Security who reports to the senior director technology infra structure and who then reports to Donald Reichart, the vice president chief information officer. The IT security is a very busy area and it was very generous that the manager allowed this writer some time for the security questions necessary for this assignment. The role of the security manager is to protect electronic personal health information (ePHI) and Payment Card Industry (PCI) data. PCI was developed to maintain the security of cardholder information, which affects most businesses including healthcare institutions. The compliance of PCI requires the protection of cardholder data, a secure network, access control measures, vulnerability management, interval monitoring, and information security policies per Cisco (2016). Cisco is the PCI hardware MetroHealth has in place for PCI compliance. The Health Insurance Portability and Accountability Act (HIPAA) and Omnibus Final Rule are the primary sources for security controls, but other standards and frameworks are used as reference. The Omnibus Rule was enacted by the U.S. Department of Health and Human

4. Technology: “We have implemented procedures, processes and technologies designed to safeguard our customers’ debit and credit card information” Page 9.

The regulations put in place by the PCI DSS standards set the baseline for how to protect cardholder data. It is the responsibility of the IT professionals within Walmart to enforce the policy and procedures created to maintain compliance with those regulations. The IT staff should use Active Directory (AD) to create access control and group policy roles to monitor user behavior on the network. Network Administrators should be performing packet inspections to ensure data integrity. The IT staff should review audit logs and report any anomalies to senior management. The carefully monitoring and protection of the network is an ongoing process. The primary purpose of IT professionals is to ensure the Confidentiality, Integrity, and Availability (CIA) of

As an information security analyst, I have been tasked with identifying the need for compliance with Payment Card Industry Data Security Standards (PCI DSS). A business accepting any amount of payment from credit cards is required to be in compliance. This report will provide a high-level explanation of PCI compliance, how to move through the process, and consequences of noncompliance.

Cyber criminals continue to discover new ways to access a person's identity. This is true not only for their credit cards and bank accounts, but also for ID cards used at work. This tends to be of great concern to businesses, as they don't wish to share proprietary

TransNet Payment System is a credit card merchant processing company. They are registered Independent Sales Organization (ISO) of First Data and are also the member of The Electronic Transaction Association (ETA). Merchant service handles the electronic payment transactions that includes the process of obtaining the sales information from the merchant, acquiring bank authorized the transaction and routes it to the processor and then to the card associations, they then routes the transaction to the issuing bank for approval and sending payments to the merchant. This entire process involve a high level of respect for confidentiality of customer’s data. Since TransNet is a member of ETA, the company naturally conducts business based on their values. For instance, one of the code of conducts of ETA states, “Members of the ETA shall take affirmative steps to comply with all industry standards to assure that such

All major credit card issuers must adhere to the Payment Card Industry Data Security Standard (PCI-DSS). This is a mandated compliance standard established by the Payment Card Industry Security Council. This standard

The biggest risk of data theft lies within a company 's customers. When security breaches happen, the customer begins to question if Sunoco has looked out for their personal information and overall trust becomes an issue. Whenever someone purchases with a credit card, the customer is putting their trust in Sunoco that the information will not fall into the wrong hands. If Sunoco does not handle the situation quickly and efficiently after it occurrs, panic ensues by current and potential customers. Credit cards are a huge portion of sales today. According to Javelin Strategy & Research, “plastic cards purchases comprised 66 percent of all in-person sales, with nearly half of them, or 31 percent, made with debit cards. Last year shoppers used credit cards for 29 percent of point-of-sale purchases; it is expected that the numbers will rise to 33 percent by 2017” (New, 2012, para. 5). That leaves potential for a significant loss in sales and annual earnings. With the increase of credit and debt card usage, Sunoco needs to take the necessary action to ensure that data theft does not occur again for their customers.

Our company has worked with other retail establishments and are familiar with credit card transaction equipment and requirements. With the new chip requirements used with credit card transactions, our own Jose Pagliery was the first to publically identify all the vulnerabilities in the equipment and vendors. Trustwave admitted “that keeping the credit machines is safe is low on a store’s list of priorities” (Pagliery, 2015). Even Verifone try to publically say that the issues of the article were not a vulnerability by itself. However, we have learned that Verifone has changed their security procedures because of the article.

Large companies have been in the news in the past years due to data breaches. Companies such as Target, Home Depot, and TJX brands have brought credit card fraud under scrutiny. How safe are consumers shopping during this day and age? The Economist (2014) has found that since the year 2003, the United States is responsible for 25% of the global market of financial card payments. At the same time the U.S. is also responsible for 50% of the world’s loss due to fraud. Between 2004 and 2010, signature based cards accounted for 91% of

It’s a serious prob1em – more than 868 mi11ion records with sensitive information have been breached between January 2005 and June 2014, according to PrivacyRights.org. As you are a key participant in payment card transactions, it is imperative that you use standard security procedures and techno1ogies to thwart theft of cardho1der data.

There are likewise chances related with a smartcard passage accumulation framework. The essential dangers incorporate those related with saving and securing budgetary and client information. Smartcard frameworks process, gather and store extremely touchy information, for example, approving and handling credit/charge deals, gathering passage installment exchanges and putting away client individual data. There are many dangers intrinsic with overseeing charge installment preparing and related information frameworks including dangers of both inside and outside robbery, the wrongful and unlawful utilization of this information and the risk and advertising worries of not sufficiently sheltered guarding the arrival of client data.

Credit cards options for an online business are essential to make shopping convenient, and allow for stress-free transactions for your customers. Taking credit cards requires you to obtain a merchant account and to set up your gateway and payment processor. Credit card payments allow for a diverse customer base and help attract customers looking for a secure transaction. Address verification (AVS) is used every time an order is placed, the physical street address that’s on file with the credit card issuer is compared to the billing address the customer gives you with an order. The final security measure is Card code verification (CCV): Customers must enter both a credit card account number and a special three-digit code (the set of numbers that follows the card number). The code is usually on the back of the credit card. Security is the highest importance so avoiding

Credit and Debit card processing eco system are undergoing significant change recently due to the advancements in the payment landscape. Disruptive technology in the mobile & ecommerce space has thrown new channels and players in the payment industry, making cards just as another channel to make payment. Traditionally the ‘card issuing’ is managed as a product line on its own from operations and processing point of view. Most big players have dedicated platform, operations