The 2019 Guide to PCI Compliance
PCI-DSS stands for Payment Card Industry Data Security Standard. Regardless of the type of business, any organization that processes credit card payments must adhere to set of PCI-DSS standards aimed to protect your business and it’s customers from cc fraud and/or data breaches. Businesses that don’t adhere to the standards are at a much greater risk for data theft.
Why Does PCI Compliance Matter?
There are two reasons that every business NEEDS to be PCI compliant for 2 reasons:
- Non Compliant Businesses Will Face Penalties
- Non Compliance = Large Security Threat
Non compliant business can face fines from $5,000 to upwards of $100,000 per month! Its tough to say whether such fines are better or worse than the potential for betraying your customers trust in regards to data security.
According to a security report published by Verizon, not a single organization fully compliant company experienced a data breach in 2018. Becoming PCI compliant should be seen as a necessary investment into the success of your business.
Becoming PCI-DSS Compliant
So, now you know that you the necessity of becoming PCI compliant. What now?
Simply visit the official PCI-DSS website for plenty of information to help further your knowledge about PCI requirements. Bear in mind that compliance takes consistent effort. It isn’t enough to become compliant, you must remain compliant.
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