Despite rising inflation, U.S. consumers are ready to spend money. In fact, they spent 18 percent more in March 2022 than they did during the same time period in 2020, which was 12 percent more than anticipated, based on pre-pandemic projections. Here's a brief look at how thousands of Fintechs & Paytechs are helping consumers maximize their capital mobility and continue to stimulate growth.
Can you believe this April will mark one year since the release of PCI DSS v4.0 standards? To celebrate its upcoming birthday, we’re breaking down one of the most commonly asked questions about compliance.
Exactly how hard is PCI compliance to achieve? Usually it’s bad practice to answer a question with another question. In this case, it’s impossible to discuss the challenges of compliance without first asking: why is PCI compliance important?
Since 2014, Lviv’s IT Arena conference has been the place where international researchers, developers, hackers, engineers, startups, and investors have met their Ukrainian counterparts. This year, there were also a few soldiers and spies.
In March 2022, the PCI Security Standards Council (PCI SSC) published PCI Data Security Standard PCI DSS 4.0. If your organization stores, transmits, or processes credit or debit cardholder information, then this new standard (and this blog) applies to you, because every part of your cardholder data environment (CDE) will be “in-scope,” and subject to its guidelines.
Budgets are hard to balance. That fact remains true even when financial numbers can seem clear and reliable. In the real world though, decision makers are often forced to work with vendors – and sign contracts – that contain hidden costs. Over time, these unforeseen expenses can wreak havoc on your budget.
The U.S. Congress is once again focused on data privacy. This time, however, there may be sufficient bipartisan support to move things forward toward protecting American consumers and businesses. A new federal law, which is currently in draft, is the American Data Privacy and Protection Act (ADPPA). If it passes, this new bill would regulate how organizations collect, store, and use personal information (aka “covered data”), and it would take precedence over, and preempt a patchwork of data privacy regulation at the state and sector levels.
Role-based access control (RBAC) is a widely used mechanism for managing permissions. It is popular for the simplicity it offers in managing user permissions based on users' roles within your organization. VGS customers who have long benefited from an organization-level RBAC have asked for fine-grained access control to their vaults.
For three years, VGS has partnered with Netlify to make it easy for developers to build scalable websites and apps – without having to worry about servers or data security. Today, we’re excited to announce the new VGS Plugin for Netlify! Now, for Netlify developers, VGS has made data security easier and more integrated within the developer workflow than ever.
Today, Very Good Security (VGS) reinforces an even greater commitment to protecting the world’s sensitive data by announcing support of the new Open Finance Data Security Standard (OFDSS). Since 2015, VGS has been committed to helping companies secure their most sensitive data and has always stood firm that the protection of consumer information is the preeminent security priority to any company operating in financial services.
As consumers increasingly shop online – especially during the pandemic – cybercriminals have turned their focus to e-commerce fraud, including exploiting credit card processing. According to the Nilson Report, over the next ten years, our industry will lose over $400 billion to fraudsters.