By Robert Vamosi, Javelin Strategy & Research
Should merchants continue to invest in Payment Card Industry Data Security Standards (PCI DSS) in a down economy? Yes.
The losses—not just in fines and litigation, but also reputational damage—associated with the consequences of a data breach are astronomical when compared with the annual burden of maintaining compliance. PCI is an excellent baseline for cardholder security, but should PCI be made law? On this, there is plenty of room for debate...
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