Maintaining strong security practices essential for ecommerce businesses
Now that many companies have moved to PCI DSS 2.0, Convenience Store Decisions said they need to keep monitoring security past PCI compliance to ensure customers' credit and debit card information remains safe.
“Virtually every store in our market has had to shell out at least $3,000 just to upgrade POS equipment - some have had to totally replace their POS at $20,000 plus,” said Gray Taylor, executive director of PCATS. He said he estimates that it would cost a put more to upgrade to PCI and even more when other security measures are taken into consideration.
Taylor said the average store is spending $9,300 per year to be in compliance, but monitoring security should not stop at PCI compliance, as there are other risks that need to be handled.
A survey from the PCI DSS shows that the number of companies experiencing data breaches has grown from 79 percent in 2009 to 85 percent in 2011. This means companies need to make sure data security is in place for themselves and customers.