PCI compliance protects customer data
Payment Card Industry (PCI) compliance requires all companies that process, store or transmit credit card data to maintain a secure environment. Meeting compliance standards consists of protecting data both in transit and at rest as well as performing vulnerability assessments. Protecting your customers’ financial information is not just the right thing to do, but it is required by law. As the customer’s service provider, it’s your responsibility to protect their data.
PCI compliance protects customer data
Failure to comply can result in the following negative effects:
Financial consequences.
An older but great example of fallout from a data breach is the Heartland Payment Systems breach of 2008. The bad actors used a well-publicized SQL injection attack. The fact that the vulnerability was not remediated led to the company being out of compliance. As a result, they were barred from processing transactions until May of 2009. Over 100 million transactions per month were being processed through the merchant during that time.
Why hire a PCI consultant?
Meeting PCI compliance standards involves many steps that some companies are not ready for. A dedicated PCI consultant has the bandwidth to assess your company’s needs and tailor PCI services to meet them. Whether you need an assessment to point you in the right direction or additional staffing to help strengthen security, DEVsource has the solution.