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by brohee
4650 days ago
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"Fines will be levied in all cases where merchants are the subject of a security breach and upon investigation are found to be non-compliant. The average fines levied for a small merchant total around £15,000 which is payable on top of any forensic investigation and remediation costs." This is mitigated quite a bit by the extreme difficulty to report PCI-DSS violation before they lead to outright fraud. |
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To me, it seems kind of contradictory because if a company is being approved by said vendors, then how could they be found non-compliant in a breach? Maybe the quarterly vendor assessment isn't mandatory. digs through documents
EDIT: This quarterly scan by an ASV and only evaluates the network in regards to external IP addresses, so it does not check anything regarding how the data is stored/transferred.