05 Aug PCI Compliance: Is Your Business Compliant?
Is Your POS System Meeting the Standards of PCI Compliance?
A point of sale security breach would have serious consequences on your business. According to the article Defense Mechanism, by Liz Parks, “95% of companies are exposed and will experience some form of cybercrime.” This is a shocking statistic that can be significantly reduced if companies start participating in standard protocol procedures concerning PCI compliance.
PCI compliance was established by credit card companies in the pursuit of safe guarding and improving the security of all card transactions. Many businesses are unaware of the regular maintenance that is required to remain PCI compliant which may result in serious problems. Requirements set by the Payment Card Industry Security Standards Council state, “You can be PCI compliant and still be substantially compromised by cybercriminals. PCI requires companies to do network scans every quarter.” Point-of-Sale equipment should be scanned and monitored on a regular basis to properly protect customer information.
The financial consequences of a security breach are obvious, but it can also have serious consequences on your company’s reputation, which can take years to reestablish. Customers trust that their sensitive payment card information will be kept secure, and if their information is compromised all trust and confidence is lost. An exceptional reputation takes a long time to develop and could be lost after a single breach.
Stay ahead of the game and meet the Payment Card Industry Data Standards on any business budget. Ensure protection against unauthorized access with secure staging and shipping services that manage and track network devices. PCI protection can be added any time including during installation, post deployment, or when point of sale equipment is being repaired or replaced. Keeping up with PCI Compliance standards will give you peace of mind so that you can focus on running your business.