Regulatory Reality:

July, 2009

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July 30, 2009  6:26 PM

Reports: MasterCard institutes new PCI fines



Posted by: Marcia Savage

MasterCard apparently is continuing to up the ante when it comes to PCI compliance.  There are reports this week that the company has instituted new fines for merchants that are non-compliant with the PCI Data Security Standard. Branden Williams, PCI practice director at VeriSign, wrote about

July 27, 2009  8:56 PM

Let the FDIC lead the way!



Posted by: David Schneier
banking, compliance, FDIC, regulations, Regulatory Compliance

I can’t think of any more telling comment about where I am in my professional life than what I’m about to offer:

Sheila Bair rocks!

If you don’t know who she is, well, shame on you.  Because...


July 17, 2009  1:58 PM

Does compliance equate to secure?



Posted by: David Schneier
Audit, compliance, cyber security, FFIEC, GLBA, PCI, regulations, Regulatory Compliance, Security, SOX

Despite earning a living in the space, I often question the value of regulatory compliance.

How is it that a business can be PCI-compliant but still have glaring vulnerabilities?  How is it that despite layer upon layer of controls...


July 8, 2009  3:45 PM

How’s about a federally mandated Information Security Assessment?



Posted by: David Schneier
Audit, compliance, cyber security, FERC cyber security, GLBA, NERC, Regulatory Compliance, SOX

I had a eureka moment recently that I’d like to share.

In considering the implications of the recently announced changes by MasterCard that will now require PCI Level 2 merchants to be assessed by a Qualified Security Assessor (QSA) it occurred to me...


July 2, 2009  2:53 AM

2 for 1 sale: How governance leads to compliance.



Posted by: David Schneier
Audit, compliance, GLBA, governance, GRC, PCI, Regulatory Compliance, SOX

A while back I’d written about the Unified Compliance Framework from Network Frontiers, which takes quite literally every regulation and framework within the IT domain and maps them in such a way where you can identify how a single control addresses multiple requirements. In...


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