Industry data security standards, despite their acknowledged importance, are being overlooked by many merchants.
In the Gartner survey, 18 percent of those asked said that they did not meet the requirements of PCI compliance, which some have found surprising. In an interview [with] Global Security Magazine, Gartner’s research director Lawrence Pingree said that making sure data was protected at all costs was among the most vital aspects of any merchant services business.
“Technology and service providers should continue to market their ability to help solve customer issues with compliance for the PCI security standards,” Pingree explained. “End-user organizations must also work to address the awareness of their PCI security standards compliance status, so that their employees know whether or not they are compliant with the PCI standards.”
The study also found that 30 percent of those asked planned to increase budgets for IT departments, significantly lower than the 55 percent who answered the same way last year.
While PCI compliance is encouraged, unlike other standards it is not legally binding. However, if merchants fail to make the right security measures, its customers could have data put at risk of exposure.Back To Blog