How to Improve Data Security in Payment Systems: Changing Risks and Changing Technology for In-House CounselThursday, March 31st, 2016 12:00 PM EDT Davis Wright Tremaine presents this audio web cast through Celesq® Attorneys Ed Center in partnership with West LegalEdcenter, a Thomson Reuters business. With new technology behind how credit card transactions are processed and protected, accepting credit cards carries new data security risks and potential legal liabilities. In addition to the normal repercussions of a data security breach (reputation damage, the risk of class action litigation, and the risk of a regulatory investigation), if a retailer’s credit card system is compromised, the retailer may be contractually liable to its payment processor, its merchant bank, and ultimately the payment card brands. Courtney K. Stout and David A. Zetoony discuss new payment processing technologies, their impact on data security, the risk implications for companies, and how in-house counsel can negotiate third party vendor contracts to minimize these risks. Courtney K. Stout, Esq., Counsel at Davis Wright Tremaine LLP, is a seasoned privacy and security attorney, with over 20 years’ experience advising clients in the technology, data security and financial services industries. She counsels on a multitude of privacy and data security matters, including consumer disclosure and protection, data ownership and use restrictions, PCI DSS compliance, EU privacy and data protection, third-party vendor requirements, cyber security, and data security obligations. Ms. Stout routinely conducts data breach assessments and prepares compliance programs for clients, and advises clients regarding “best practices” to reduce the risks associated with data security in both traditional commercial contracts and strategic m-commerce and e-commerce initiatives. David A. Zetoony, Esq. is a partner in the Washington, D.C. office of Bryan Cave LLP. Mr. Zetoony is the leader of his firm's data privacy and security practice, and has extensive experience advising clients on how to comply with the advertising and data privacy rules and regulations of the Federal Trade Commission. He is an International Association of Privacy Professionals (“IAPP”) member, and he sits on the ABA Section of Antitrust Law’s Private Advertising Litigation Committee (former Vice-Chair); and the ABA Section of Antitrust Law’s Healthcare and Pharmaceutical Committee (former Consumer Protection Vice-Chair). He frequently speaks and writes on data security and privacy issues.