If your business collects or processes credit cards, then having and executing a sound Payment Card Industry Data Security Standard (PCI DSS) compliance strategy is essential, and also a regulatory requirement. To prevent fraud and data breaches from insecure networks and payment systems, the five major credit card brands established PCI standards in 2004 that regulate the payment industry today. Not securing customers’ personal credit information can lead to stiff penalties and damage to your business’s reputation and bottom line.
It might seem like a daunting task to comply with PCI-DSS, the maze of standards and issues seems like a lot to handle for large organizations, let alone smaller companies - yet, compliance is becoming more and more important, and it may not be as troublesome as it is commonly assumed, especially if you have the right partner. Some of the advantages that ensue by becoming PCI compliant are as follows:
- Being PCI compliant means that your systems are secure, and your customers can trust you with their sensitive payment information.
- PCI Compliance improves your reputation with acquiers and payment brands.
- Meeting PCI Compliance means you are better prepared to comply with additional regulations, such as HIPAA, FINRA, SOX and others.
- PCI Compliance will likely improve IT Infrastructure efficiency
It might seem like a costly endeavor to become PCI Compliant as the process often involves third- party experts, annual assessments, and investments in cybersecurity and infrastructure. However, non-compliance risks vulnerability to ransomware attacks, data breaches, fines, card replacement costs, audits, and investigations—not to mention damage to one’s reputation. We understand what it takes to be PCI compliant and can manage the details for you. Allow DeepBlue Computers to handle the practice of PCI compliance for your company.
For more information contact us here or call us at 317-516-5101