21st PCI London 2021
Event submitted on Tuesday, December 1st 2020, approved by Content Team ✓
This event has been tagged as follows:
Conference Event Summary
The following description was either submitted by the Conference Organizer on Tuesday, December 1st 2020, or created by us.
For seasoned PCIers, PCI London 2021 will examine the reasons for current non-compliance, suggest cost-effective solutions and lift the lid on PCI DSS 4.0; for newly digitalized businesses it will provide critical insights and information on combatting fraud, and ensuring payment security and card data privacy.
Card-based fraud is evolving:
- Detecting card-based fraud, including card, not present fraud, requires identity proofing and address verification/authentication to cover everything from account creation to login to payment
- Case management tools are also needed to deal with frauds once they’ve occurred
- COVID-19 has led to a rise in fraud, both friendly and otherwise – so how do you build, manage, and scale these capabilities?
Taking a risk-based approach:
- PCI DSS 4.0 promises a new and risk-based approach to card data security
- This is in contrast to the previous framework, which could be treated as a tick-box exercise
- But what does ‘risk-based’ mean in practice?
- How do we ensure that organizations (a) commit more fully to compliance and (b) genuinely progress from their tick-box mentality?
The problem of privacy:
- PCI DSS is one take on the issue of keeping specific payment-related data safe
- But the GDPR and CCPA approach the issue from different perspectives – GDPR focuses on people’s personal privacy, and the CCPA is concerned with unauthorized monetization of personal data
- A comprehensive data privacy and security process must take each of them into account – so what’s the most effective way to ensure all your bases are covered?