Privileged Identity Management Leader Lieberman Software
Joins Smart Card Alliance
Top Security Provider Supports Initiatives to Mandate Smart Card Technology for All Payment Card Transactions
(LOS ANGELES, CA – April 20, 2011) Lieberman Software Corporation, the Pioneers of Privileged Identity ManagementSM (PIM), today announced the company has joined the Smart Card Alliance, a nonprofit organization whose mission is to accelerate the adoption of smart card technology in North America.
Current Smart Card Alliance members include the nation’s thought leaders in IT, finance and the federal government. A fundamental goal of the Alliance is to bring U.S. payment card protections up to the standards of the rest of the developed world. According to an Alliance report, payment card issuers who have implemented smart cards in Europe, Latin America, Canada and Asia Pacific report significant reductions in fraud. The results include lower incidents of Card Not Present (CNP), card cloning, and lost and stolen payment card fraud.
Philip Lieberman, president and CEO of Lieberman Software and highly regarded security industry expert, outlined the steps he believes are required to put the U.S. at the forefront of payment card protection. "First, the U.S. can take a giant step forward by mandating smart card technology for all payment card transactions. Second, we must transfer the liability back to the credit card issuers unless the merchant or processor is found culpable by a court of law. As with other industries it’s time to let due process– instead of powerful card issuers– determine culpability and fines," he explained.
"You can bet that smart cards would gain an immediate foothold and billions of dollars in fraud could be eliminated almost overnight," Lieberman said. "Until this happens the headlines will continue to be full of stories about merchants, processors, and consumers who face ruinous losses at the hands of thieves."
About Lieberman Software Corporation
Lieberman Software provides privileged identity management and security management solutions that protect the multi-platform enterprise. By automating time-intensive IT administration tasks, Lieberman Software increases control over the computing infrastructure, reduces security vulnerabilities, improves productivity and helps ensure regulatory compliance. As Pioneers of Privileged Identity ManagementSM Lieberman Software not only developed the first software solution to address this need, its products continue to lead the market in features and functionality. The company is headquartered in Los Angeles, CA with an office in Austin, TX and channel partners throughout the world. For more information, see www.liebsoft.com.
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