PCI compliance myths Part 2
January 8, 2019
ATM wiretapping
January 22, 2019
The number of data breaches seem to be escalating and there is one common variable among them all: they are all PCI non-compliant
At JLE Business Consultants we cannot overstate the importance of PCI compliance. It is something designed to protect you, your business and your customers but yet it seems that more and more companies around the US are simply not adhering to these standards and the implications are quite serious.
First the good news: More and more companies are PCI compliant, either in the interim or with full validation and the number that are meeting full validation is increasing. The problem that the sum of these two totals is about 55% of all businesses in 2017.
That means that 45% of businesses nationwide are not meeting PCI compliance. Considering the number of businesses operating in the US great and small is a staggering number. By not meeting PCI compliance standards these companies are opening themselves up to data and security breaches.
We have seen an alarming number of data breaches in the past few years and guess what every single one had in common? According to a Verizon PCI forensic investigation every single company that had a data breach was outside of PCI compliance. Let that sink in for a moment.
Yes, there can be a lot that goes into PCI compliance and it does require constant work to maintain it but it is the best way to avoid a costly hack that could cost you your business. There is a lot that goes into running your own business, it is not all fortune and glory, and sometimes it is easy to avoid or delay doing certain tasks. We get it, life is busy and you do need to find time to relax and unwind too but if you are PCI compliant you can relax knowing that you are doing everything that you can to keep your business and your customer’s information safe.
If you need help becoming PCI compliant or just want to make sure that you stay there JLE Business Consultants can help you. Remember too that you are not just helping yourself and your business, you are helping your customers as well. If your company has a data breach they will have to deal with the fallout of it as well and may very well never come back. Being out of PCI compliance is a great way to lose customers and no business wants to do that.
