01Oct, 2017

What can happen if I choose not to comply with the PCI DSS?

If you choose not to comply with the PCI DSS then you risk:

  • Potentially being fined by your acquiring bank
  • Potentially being restricted from accepting credit cards as a payment method
  • Greater risk of potential financial loss arising from security incidents
  • A system compromise may potentially result in fines and/or restrictions. Whilst data breach reporting is not mandatory at this stage the OIAC does have powers to fine organisations for not adequately safeguarding client’s personal information.

Related Articles

The benefits of mandatory data breach notification laws in Australia

Mandatory data breach notification laws would result in greater security for Australians and improved protection of their sensitive information. And i

Read More

Cost of data breach report (with Australian Statistics)

Ponemon Institute 2013 Cost of Data Breach report The 2013 Cost of Data Breach report published by the Ponemon Institute (sponsored by Symantec) revea

Read More

How to survive a data breach

In the past two years, LinkedIn, eHarmony, Twitter, Adobe and, most recently, Target have suffered data breaches that together exposed more than 120 m

Read More

Credit card data discovery tools lay the foundation for good data security

Card Holder Data (CHD) discovery tools are becoming essential in identifying none secure sensitive data locations. Since December 2013, a series of da

Read More