Gartner recently released their Retail Security & Compliance Survey 2011 that details the costs associated with becoming PCI compliant. Excluding the cost of assessors – these costs are estimated at $1.7 million over the survey period, 2.35 years. Level 1s spent approximately $2.1 million on PCI compliance and Level 2-4s approximately $1.1 million. In the [...]
We believe it’s time our industry stepped up to the plate. Claims that technology products will make someone PCI compliant have to stop. Hand waves towards compliance aren’t acceptable any more. Companies that sit on both sides of the table – both auditor and service provider – are setting their clients up for failure and damaging the reputation of our industry.
PCI compliance is the best way to give companies a solid baseline for security moving forward – but only if it’s done correctly. It’s no wonder that the distraction of the current solutions delude companies into thinking they are secure as a result of their compliance efforts. Compliance should be achievable and manageable so companies aren’t distracted from taking true, measurable steps towards better levels of security.
And, that’s how PCI Complete was born. Out of the frustration and confusion that we were hearing from customers; out of the pain of melding a variety of solutions, processes, and personnel to solve a problem that has vexed the vast majority of merchants and transaction processors; and, out of the gap in the market – where no single, consistent PCI solution existed.