In what ways are you ensuring the safe guards of your customers and business when you accept credit cards and debit cards? PCI (Payment Card Industry) compliance is mandatory. What tools and processes do you have in place to ensure adherence to the applicable rules and regulations. Are you aware of what safeguards your business must take to protect the client/consumer, but also to defend against potential theft? The large percentage of data stolen in breaches is payment card data.
What will the effect on your business be if compliance failure results in a data breach or theft of private information? How will you mange the heavy fines, regulator presence and losing the ability to accept credit/debit payments at all.
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