Why Banks View Campuses as High Risk Customers
- Published:
- Briefs, Case Studies, Papers, Reports
- Author(s) and Contributors:
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Author(s): Walt Conway Dennis Reedy
- Source(s) and Collection(s):
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Sources(s): Community
- ParentTopics:
Abstract
While PCI DSS applies to every organization that accepts payment cards, many education institutions have been slow to achieve campus-wide compliance. The situation is particularly unfortunate since education institutions – whether because of their open networks or inadequate security procedures – are particularly vulnerable to hacking and other compromises of confidential consumer data. As a result, financial institutions and card issuers increasingly view education institutions as risky merchants.