September 17, 2008
Shift4 Corporation Releases White Paper Connecting the Dots Between Terrorism and Credit Card Information Theft
Las Vegas, NV, September 17, 2008 – Shift4 Corporation, a leading developer of enterprise payment solutions, today released a WHITEPAPER connecting the dots between terrorism funding and credit card information theft. This free resource is authored by Dennis M. Lormel, retired Federal Bureau of Investigation (FBI) and current Managing Director of the Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) issues at IPSA International, Incorporated. Mr. Lormel was a featured speaker at Shift4’s 2007 Real Security Summit and gave a compelling presentation regarding the terrorist connection to credit card information theft at that time. This WHITEPAPER is a current follow-up on that presentation.
“Everyone with responsibility for safeguarding credit card information and preventing credit card fraud must understand that they are engaged in the financial or economic component of the war on terrorism. Once compromised by terrorists, credit card information will be used to generate funding to support terrorist activity,” Dennis Lormel, Managing Director, IPSA International, Inc.
“Terrorism and Credit Card Information Theft: Connecting the Dots” WHITEPAPER details how credit card information theft and fraud represents a lucrative funding system for terrorists. As a resource of our financial system, credit cards serve as the means for the source and distribution of funds. This WHITEPAPER discusses the best practices for the detection and prevention of cardholder data theft and fraud by terrorists.
“Shift4 is excited to offer this WHITEPAPER to educate merchants on the connection between terrorism and credit card liability. In our effort to develop and implement security technologies that protect credit card information, Shift4’s Card Information Replacement Technologysm (CIRT) helps merchants achieve Real Security because their system application is no longer handling real cardholder data,” Randy Carr.
Shift4’s DOLLARS ON THE NET® payment gateway is fully integrated with CIRT to remove credit card information from the point-of-sale (POS) and/or property management system (PMS) so merchants can quickly, accurately, and securely process credit, debit, and gift card transactions. CIRT provides Shift4 customers with a Payment Card Industry (PCI) code compliant payment system where no cardholder data is stored, transmitted or processed at the merchant level.
To further validate the connection between terrorism and the risk of credit card information theft, the PCI Security Standards Council Community Meeting in Orlando, Florida, on September 24 – 25, 2008 presents The Emerging Threats session where a leading counter-terrorism expert will provide an overview of emerging threats to data security.
While merchants may never deal with a terrorist, it is evident through this WHITEPAPER that it is possible due to the fact that terrorists are regularly exploiting credit card vulnerabilities. For a free download of Shift4’s “Terrorism and Credit Card Information Theft: Connecting the Dots” WHITEPAPER visit www.shift4.com/whitepapers.cfm.