If your business handles customer card information, you need to be PCI compliant. Payment Card Industry (PCI) compliance is a set of regulations developed in 2006 that ensures businesses properly manage and secure customer data. Let’s look at the different ways your business could be at risk by failing to meet these compliance regulations.
POTENTIAL CONSEQUENCES OF NON-COMPLIANCE
FINES AND PENALTIES: You can be fined anywhere from a few hundred dollars to thousands of dollars.
INCREASED TRANSACTION FEES: Higher transaction fees cover the increased risk associated with handling credit data in a non-compliant manner.
LEGAL CONSEQUENCES: You may face costly lawsuits for failing to protect sensitive customer information.
UNANTICIPATED COSTS: You can incur significant financial liabilities in unexpected expenses if your business faces a cyberattack.
Ready to secure your business and protect your clients? Talk to us to learn how we can help you achieve and maintain PCI compliance.