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PCI compliance is key for merchants

August 9, 2012

One of the best ways that merchants can ensure credit card data remains safe is by achieving Payment Card Industry Data Security Standard (PCI DSS) compliance.

One of the best ways that merchants can ensure credit card data remains safe is by achieving  Payment Card Industry Data Security Standard (PCI DSS) compliance. According to many experts, there are ways that retailers can ensure that they meet all the nessecary satandards

In a recent article for Dark Reading, Ericka Chickowski writes that even though the PCI compliance standards, which include 12 major and 221 subrequirements, had been around for some time, relatively few firms complied. The source cites Verizon’s “2011 Payment Card Industry Compliance Report,” which revealed that just 21 percent of companies surveyed were able to meet every requirement.

Some experts say that hiring a private security consultant with knowledge of PCI compliance could end up paying off big time in the end.

“It’s so much more cost-effective to do that gap analysis and do it right in the first place than getting a report dipped in red and having to go back in six months and have that person revalidate,” Little says.

The negative implications from having improper security measures can be quite severe. When consumers use credit cards, most expect that their data will be stored in a safe way.

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