Ensure Secure Payments with PCI Compliance: Download Our Essential Infographic
PCI
Are You PCI Compliant? Here’s What Can Happen if You Aren’t
In recent years, there has been a rapid increase in cashless payments, with more and more businesses now accepting credit or debit card payments. However, this surge in card transactions has also led to an alarming increase in credit card data theft.
In the current threat landscape, where cybercriminals develop ingenious ways to steal customer card data, businesses like yours are expected to implement steps to protect customer data. That’s why adhering to PCI compliance isn’t an option — it’s a must.
What is PCI Compliance? Payment Card Industry (PCI) Compliance is a set of regulations originally developed in 2006 that ensures businesses properly manage and secure customer data. Recently this has been revised to PCI version 4 with enhanced standards.
Businesses that fail to meet PCI compliance standards face severe financial penalties and reputational damage. We’ve created an infographic to help you understand why PCI compliance is crucial for your business.
Our infographic will help you:
- Secure your customer card data
- Improve your business credibility
- Understand the consequences of PCI non-compliance
Ready to fortify your business against cyber threats and protect your customers? Download our infographic today.
At Neuwest, we specialize in helping businesses navigate complex compliance requirements. Our comprehensive Compliance-as-a-Service (CaaS) solutions ensure that your business remains compliant with PCI standards and other critical regulations. By partnering with us, you can safeguard your business against cyber threats, secure your customer data, and maintain your reputation.
Visit our Compliance Page to learn more about how we can assist you in meeting all your compliance needs.
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Payment Card Industry (PCI) Compliance is a set of regulations originally developed in 2006 to ensure that businesses properly manage and secure customer data during card transactions. These regulations mandate specific security measures and practices to protect sensitive card information from theft and fraud. Recently, these standards have been revised and updated to PCI version 4, which introduces enhanced requirements and more robust security protocols. The latest version aims to address the evolving threat landscape and provide businesses with clearer guidelines to strengthen their data protection efforts, ensuring that customer data is kept secure in today’s increasingly digital world.
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.
Ready to secure your business and protect your clients? Talk to us to learn how we can help you achieve and maintain PCI 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.
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