Merchant Liability and Breaches In Payment Card Security Standards
New York Law Journal
March 10, 2009
Richard Raysman- New York
There has been an almost 50 percent increase in reported data security breaches since 2007, including financial losses to the affected companies. To combat this trend, the Payment Card Industry Data Security Standards (or PCI standards) were developed as a baseline safeguard that must be followed by merchants and financial institutions that handle credit card transactions. The article reviews the PCI standards, recent litigation and developments in state legislation in the area of liability and data security breaches. To read the full article, please click on the link below.
READ: Merchant Liability and Breaches In Payment Card Security Standards
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