On the 5th of March 2014 Troy Leach, Chief Technology Officer of the Payment Card Industry Security Standards Council, made a statement to the Committee on Financial Services at the US House of Representatives entitled: 'Data Security: Examining Efforts to Protect Americans' Financial Information'.
Consumer financial data in the real world is big news and shows no signs of going away anytime soon, as the waves of the scandal at Target continue to reverberate through the American retail and financial industries.
Troy's statement makes interesting reading, acknowledging the level of upset which data breaches cause consumers, especially in trusted retail environments, and discussing the seven years of quiet work the Council has put in behind the scenes to ensure that such crimes are safeguarded against, as long as PCI DSS standards are met.
The Council's work covers all kinds of payment security from online transactions, payment applications and wireless payments to Point of Sale devices. In speaking to the committee Troy's statement includes details on EMV and Chip & PIN technology.