According to a study conducted by Solidcore Systems, Emagined Security, and Fartrex, the lack of being PCI Compliant could potentially exceed the cost of PCI Compliance by 20 times!
In James Barrow’s book on achieving PCI Compliance, he states that the research study showed that “not becoming compliant with the standard (Data Security Standard – or DSS) could lead to additional costs posed by a data breach.”
For one, the SSC (Security Standards Counsel) can elevate your business to Level 1 status following a breach or compromise. That means that you’ll have to do everything a Level 1 has to do despite the lower level of transactions that you process. Of course, the biggest expense with this option is the previously unnecessary need to hire a Qualified Security Assessor or or pay someone inside your organization to conduct an Internal Audit if it is signed by an officer of the company.
Also, Barrow continues, “a breach may require further expenditures related to customer notifications and providing credit monitoring services. Finally, there are the expenses that may result from litigation, as well as the unknown variable of the cost to the company in loss of customer confidence.”
So, you decide, you can scan your site daily for vulnerabilities against hackers and increase customer confidence by displaying Trust Guard seals. Or you can leave your site open to hackers and outside attacks and potentially face the swollen and costly revised requirements of the Payment Card Industry.
To put it in monetary terms, you can pay Trust Guard $497 a year for daily vulnerability scanning and PCI Compliant Reports, or pay almost $10,000 a year to repair the damage. Included in the yearly price of $497 a year (or $47 a month) comes a Security Scanned trust seal to display on your website that is GUARANTEED to grow your business significantly.
With that knowledge, getting a daily PCI Compliant Vulnerability Scan and industry exclusive Video Security Seal from Trust Guard to show online consumers that your site is safe, and that you are a legitimate company that will protect their privacy, is one of the best return on investments out there! Visit www.Go.Trust-Guard.com today!
