PCI Compliance and How It Affects your Business
Businesses that accept major credit cards will have to comply with PCI standard. The problem is that it can be somewhat complicated, which is why a lot of businesses choose to avoid it. If you are not PCI compliant and a data breach occurs, you will be the entity held responsible over the credit card company. Universal Info, a managed IT company, can help you to find the best solution for the job. Here are some of the credit cards that must be PCI compliant:
MasterCard
Visa
American Express
JCB
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PCI compliance matters because a major data breach could rock the foundations of your business. With giant corporations like Home Depot and Target falling victim to hackers, you should never assume that it will not happen to your business. The average cost of a data breach reaches to around $80,000. In fact, Target had to shell out more than $300 million because of regulatory penalties. While that is an extreme example, it'd be a mistake to assume that PCI compliance will not apply to your company.
You need an experienced IT support company to keep you compliant with PCI standards. We will provide you with strong security configurations that keep your financial data safe. What's more, Universal Info also keeps extensive audit procedures to stand up against the rigorous testing of PCI compliance. If you are not compliant, you want to know about it, and our company will make sure that you are safe. Around 96 percent of the businesses that experienced a data breach we not PCI compliant. You add another layer of protection to add this extra defense measure.