How Well-Informed are You about PCI Scanning?
The Payment Card Industry Data Security Standard is set requirements that ensure that credit card companies using information about customers have a safe environment.
The Payment Card Industry Security Standards Council was launched on September 7, 2006. It oversees the development and maintenance of Payment Card Industry security standards. With a focus on improving payment account security in all aspects of the transaction process. The PCI SSC is the independent body responsible for managing and administering the PCI-DSS. It was established by major payment card brands Visa, MasterCard, American Express, and Discover.
It is up to the acquirers and payment brands to enforce compliance and not the PCI council.
Do You Conduct PCI Scans Regularly?
Regular scans are not necessary if your business isn’t in PCI compliance. This could lead to data security breaches. A breach is when someone has accessed your customer data. Your entire business could be affected by a breach.
Penalties and Fines
A breach of PCI compliance can result in penalties ranging from a warning to a severe fine. For violating regulatory compliance, credit card processors and banks can face fines up to $500,000 These costs will be passed on to the merchant.
Merchants who lose accounts are put in the Visa/MasterCard Terminated Merchant File and are not eligible for another merchant account for many years. It irredeemably damages your credibility, customer loyalties, and ultimately your entire business. It can have devastating results.
How can you stay compliant?
A web security solution can help you ensure PCI compliance. It meets most compliance mandates and is available immediately. Comodo cWatch provides a secure environment for your site as well as extensive reports required by compliance authorities