A lack of financial penalties and a mandate to publicly admit data breaches may be clouding the real state of credit card payment and security in Australia, according to a senior executive from the Payment Card Industry Security Standards Council.
In a country that's seen many regulatory compliance challenges this decade, the headaches of PCI security tend to be analyzed from a largely American perspective.
While Willy Sutton never really said it, the truth is that people rob banks because that is where the money is. Today's criminals don't walk into banks with loaded guns and get-away drivers. Rather they connect from a remote location using a browser and are armed with hacking tools and spyware.