Our pannelists for this session include: Jason Zemmel of Sterling Pharmacy, Richard Bromley of Ken Bromley Art Supplies, Reshad Hossenally or Ticket Arena, Graham Boler of ECSC, Daniel Atherton of Athernet Solutions, and our own Neil Lathwood Jonathan Bowers of UKFast.
In a move to encourage businesses to adopt the standard, Visa increased its fine for a data breach by a Level 4 merchant (processing fewer than 20,000 ecommerce transactions annually) from £2,500 to £10,000 last year. In the first half of 2009, £200,000 a month was also collected in fines.
It does appear that businesses are however moving in the right direction even if they don’t have the standard, with the number of companies storing sensitive card authentication data dropping by 2.5 per cent in January this year.
Daniel Atherton, managing director of Athernet Solutions, said, “The benefits to retailers and online merchants is that it will weed out a lot of unscrupulous websites and put pressure on those that are ignorant and do not realise what levels of security they need.”
The round table discussions are held in association with UKFast with the aim of uniting business leaders to share advice and provide a wealth of ideas for other developing companies. The panel was completed by Jason Zemmel of Sterling Pharmacy, Reshad Hossenally from Ticket Arena and Richard Bromley from Ken Bromley Art Supplies.
You can watch this video also at the source.