By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data science anayst
    Growing Demand for Data Science & Data Analyst Roles
    6 Min Read
    predictive analytics in dropshipping
    Predictive Analytics Helps New Dropshipping Businesses Thrive
    12 Min Read
    data-driven approach in healthcare
    The Importance of Data-Driven Approaches to Improving Healthcare in Rural Areas
    6 Min Read
    analytics for tax compliance
    Analytics Changes the Calculus of Business Tax Compliance
    8 Min Read
    big data analytics in gaming
    The Role of Big Data Analytics in Gaming
    10 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Genesco Sues Visa Over PCI Noncompliance Fines
Share
Notification Show More
Latest News
ai in automotive industry
AI Is Changing the Automotive Industry Forever
Artificial Intelligence
SMEs Use AI-Driven Financial Software for Greater Efficiency
Artificial Intelligence
data security in big data age
6 Reasons to Boost Data Security Plan in the Age of Big Data
Big Data
data science anayst
Growing Demand for Data Science & Data Analyst Roles
Data Science
ai software development
Key Strategies to Develop AI Software Cost-Effectively
Artificial Intelligence
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Data Management > Best Practices > Genesco Sues Visa Over PCI Noncompliance Fines
Best PracticesBig DataBusiness IntelligenceITPolicy and GovernancePrivacySecurity

Genesco Sues Visa Over PCI Noncompliance Fines

onlinetech
Last updated: 2013/03/19 at 8:02 AM
onlinetech
3 Min Read
data security breach
SHARE

data security breachOn March 7th, the sportswear company Genesco filed a lawsuit against Visa. The issue? In 2010 Genesco’s computer system was breached, potentially allowing customer credit card information to be accessible to attackers. Due to this data breach, Visa charged Genesco with over $13 million in fines for noncompliance with the Payment Card Industry Data Security Standards (PCI-DSS).

data security breachOn March 7th, the sportswear company Genesco filed a lawsuit against Visa. The issue? In 2010 Genesco’s computer system was breached, potentially allowing customer credit card information to be accessible to attackers. Due to this data breach, Visa charged Genesco with over $13 million in fines for noncompliance with the Payment Card Industry Data Security Standards (PCI-DSS).

Now, Genesco is claiming that the attackers did not access any stored payment card data from their systems, but was trying to get the data as it was being transmitted to credit card processors using packet-sniffing malware on the company’s network. Coming straight from the Genesco complaint:

The feature of the payment card system that the criminals sought to exploit in the Intrusion is that, according to PCI DSS security protocols and consistent with longstanding and pervasive industry practice, the payment card account data required for approval of a mag-stripe-swipe transaction is permitted to be transmitted in unencrypted form during the transaction approval process.

More Read

ai powered hackers are more deadly than ever

3 Ways AI Has Led to Horrifying Cybersecurity Threats

4 of the Biggest Data Breaches in Banking
What Role Does Breach and Attack Simulation Play in Data Protection?
Agile Technology and Big Data Improve the State of Cybersecurity
Steps Laptop Owners Must Take to Mitigate Risks of Data Loss

The fines imposed on merchants after a data breach are supposed to be for their failure to meet PCI standards, resulting in noncompliance, but Genesco attests in their complaint that they were compliant at the time of the breach.

Also, Visa stated at the time of the breach that every Visa card processed by Genesco from December 2009 through December 2010 had been compromised, which is another assertion Genesco disagrees with, stating that when their servers reboot any cardholder data that may have been temporarily stored in log files would have been overwritten. This would mean a slim chance of a whole year’s worth of data being stored within their system. Genesco also claims that Visa has no forensic evidence that the aforementioned accounts had, in fact, been compromised.

This lawsuit is the first recorded in which a merchant has challenged the PCI noncompliance fines after a data breach. Mastercard also imposed fines, but currently Genesco has not filed a lawsuit against them for them.

The post Genesco Sues Visa Over PCI Noncompliance Fines appeared first on Managed Data Center News.

TAGGED: data breach, genesco, PCI-DSS, visa
onlinetech March 19, 2013
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ai in automotive industry
AI Is Changing the Automotive Industry Forever
Artificial Intelligence
SMEs Use AI-Driven Financial Software for Greater Efficiency
Artificial Intelligence
data security in big data age
6 Reasons to Boost Data Security Plan in the Age of Big Data
Big Data
data science anayst
Growing Demand for Data Science & Data Analyst Roles
Data Science

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

ai powered hackers are more deadly than ever
Artificial Intelligence

3 Ways AI Has Led to Horrifying Cybersecurity Threats

7 Min Read
data breaches are affecting more banks than ever
Security

4 of the Biggest Data Breaches in Banking

7 Min Read
data protection guide
Security

What Role Does Breach and Attack Simulation Play in Data Protection?

7 Min Read
big data and agile help with cybersecurity
Security

Agile Technology and Big Data Improve the State of Cybersecurity

9 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?