Think about your company and your privacy and cybersecurity initiatives. Now, choose the appropriate answer: “PCI compliance for our organization is”
b) a hassle
The correct answer is A, C, D and —all too often —B.
Anytime you or your company handles sensitive information, cybersecurity is a concern. Ignoring or not implementing cybersecurity compliance best practices can be a costly mistake. The risks of not incorporating PCI compliance into your payment solutions include:
For any organization that accepts or handles credit card data and transactions, compliance with Payment Card Industry (PCI) Data Security Standards should be a given. The moment your company accepts your users’ payment information, as well as any other sensitive data about your customers and/or students means that compliance with industry security standards should be paramount for you, as well as any SaaS payment processing tools.
PCI is a collection of best practices that the major credit card companies have identified as crucial security concerns, organized into 12 core areas. While the certification process is a snapshot of your strengths at a given moment in time, true PCI compliance is a continuous process.
The good news is that there are solutions that can ease the burden of achieving compliance: