Financial institutions are doing a “better job” than other businesses grappling with Payment Card Industry’s Data Security Standards, says David Taylor. The deployment and use of data encryption also is consistently variable, he says. Taylor: “If you ask 100 people where the data is in your institution, you’ll find at least a few places that data resides where you didn’t think it did” The far flung network information means it’s easier for a hack to occur, Taylor says. Financial institutions need to ask hard questions, and have a critical view of the overall strategies, he notes.”]
Source: https://www.cuinfosecurity.com/pci-update-do-you-know-where-your-data-is-a-561