[ISN] After Target, Neiman Marcus breaches, does PCI compliance mean anything?

http://www.computerworld.com/s/article/9245709/_After_Target_Neiman_Marcus_breaches_does_PCI_compliance_mean_anything_ By Jaikumar Vijayan Computerworld January 24, 2014 The recent data breaches at Target and Neiman Marcus have once again shown that compliance with the Payment Card Industry Data Security Standard (PCI DSS) is no guarantee against an intrusion. What’s unclear is whether the problem lies in the standard itself, or the manner in which it is implemented and assessed. Neiman Marcus on Thursday became the latest company to suggest that PCI compliance had brought it little security against a major intrusion. In a letter to U.S. Sen. Richard Blumenthal (D-Conn.) explaining the recent breach that exposed 1.1 million payment cards, Neiman Marcus CIO Michael Kingston claimed the intrusion happened even though the company had security measures that exceeded PCI standards. […]