Stronger Credit Card Security Prevails In Minnesota, Fails In Texas
The two states wrangle with the laws surrounding the Payment Card Industry data security standard.
It looks like Texas won't be the first state to pass a law that codifies the personal data protections outlined in the Payment Card Industry (PCI) data security standard.
As the Texas state Senate was this week shooting down a bill that would require businesses that collect personal information to use PCI to secure sensitive personal data, the Minnesota legislature passed its Plastic Card Security Act.
Minnesota becomes the first state to create a law that shifts the costs associated with data breaches from financial institutions to the retailers who mishandle consumers' private financial data. The law, which passed by votes of 122-4 and 63-1 in the House and Senate, respectively, also gives retailers added incentive to protect consumers' information.
It's fitting that Minnesota is the first state to come down on retailers and merchants who are sloppy with customer data. It's been reported that the compromise of TJX Companies' customer records, which have already led to numerous cases of fraud in Florida and other places, originated when thieves hacked into a wireless network at a Marshalls store near St. Paul. TJX is the parent company of Marshalls, TJ Maxx, and other retailers.
The Texas legislature's attempts to get businesses to comply with PCI by law started auspiciously when earlier this month the state's House of Representatives unanimously approved a bill (139-0) compelling businesses to better protect and safeguard sensitive personal information contained in its customer records. The measure fell short this week when the state Senate left the bill pending in its Business and Commerce committee, effectively killing its chances of being passed.
2017 State of IT ReportIn today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.