Nearly half of companies remain noncompliant as we near the 13th anniversary of the PCI DSS, and these organizations are at serious risk of data breaches and regulatory fines. Ground Labs’ Steven Cavey provides an overview of the standard and tips to achieve compliance.
The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements intended to ensure that all companies that process, store or transmit cardholder data maintain a secure environment. The standard was first launched in September 2006, and since this time it has undergone regular updates as paying by card has become more diversified and digitized. Despite their increased awareness, many organizations still don’t take PCI compliance seriously and remain at risk for costly data breaches and regulatory fines.
As we near the 13th anniversary of PCI DSS, here are four facts every business should know in order to achieve or maintain compliance while preserving brand reputation and customer loyalty.
After 13 Years, Many Organizations Are Still Not Fully Compliant
Verizon’s 2018 Payment Security Report found that only 52.5 percent of companies surveyed were in compliance with PCI DSS, which means that nearly half of all organizations are still not fully complying due to a broad variety of factors, some of which are covered in this…
