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FTC to study credit card industry data security auditing

Jaclyn Jaeger | March 14, 2016

The Federal Trade Commission has issued orders to nine companies requiring them to provide the agency with information on how they conduct assessments of companies to measure their compliance with the Payment Card Industry Data Security Standards (PCI DSS).

PCI DSS audits are required by the major payment card issuing companies of retailers and other businesses that process more than one million card transactions in a given year and are intended to ensure that companies are providing adequate protection to consumers’ sensitive personal information.

The nine...

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