The PCI Enforcement Hammer is Ready to Drop

2014-10-31T14:34:10
ID COALFIRE:FA52153E7238A4661FF50A08BCD06C80
Type coalfire
Reporter The Coalfire Blog
Modified 2014-10-31T14:34:10

Description

The time for nervous anticipation for PCI breach response is over …. VISA has issued dramatic PCI Data Security Standard Compliance enforcement guidance for Level 1 and 2 merchants and all Service Providers. Effective January 1st, 2015, noncompliance costs will be applied sooner and will escalate quicker. For many merchants and service providers looking for a reason to improve compliance just got one. The cost for noncompliance will easily hit $250,000 for many small and mid-sized merchants and service providers.