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Experts Warn of More Payments Fraud

The call for collaboration was made by the PCI Security Standards Council International Director Jeremy King, during the recently concluded inaugural Middle East Forum. The event brought together the regional payments industry’s key players to discuss the issue of card security and understand how best global standards – developed by PCI – can be deployed in the Middle East. “This is an active, mobile and tech-minded region that is moving quickly to capitalize on the economic opportunity of e-commerce and m-commerce,” said Jeremy King, International Director of PCI Security Standards Council. “But as digital payments rise it’s important that we quantify the risks and look to combat the threat with robust measures. “The PCI exists to work with industry players across the region and the world, to deploy a set of standards that protects the integrity of data and promotes safe, secure online transactions – fueling growth and opportunity.” he continued.

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