Perhaps one of the most frustrating aspects of running a small business is complying with different industry guidelines. However, if implemented correctly, store owners will be able to keep consumer information secure and reduce costs.
Businesses that accept credit cards are in an especially susceptible position when it comes to having data compromised. It’s for that reason that many find it necessary to comply with Payment Card Industry Data Security Standards (PCI DSS).
And while the standards are not required, suffering a data breach due to lax security is the last thing a new firm wants to see happen.
“PCI DSS applies to all entities involved in payment card processing – including merchants, processors, acquirers, issuers, and service providers, as well as all other entities that store, process, or transmit cardholder data,” the council states in its documents.
There is still some debate within the sector about whether or not PCI compliance can be fully implemented through online platforms. A statement from IT security firm Pure Hacking stated that trying to keep data secure on the public cloud was not possible.Back To Blog