PCI DSS Fines increasing
Jun 30th, 2010 by Jesper Kråkhede
Forrester reports are always interesting to read. I cannot say that I trust them all of the time but they do often point in the right direction. Just recently I found a report showing the % of retailers in US that have been fined, currently 8% with 27% more that have been threatened with fines. As US often is the frontrunner when it comes to compliance this will of course spread to Europe soon. Currently I know of several retailers in Europe that are stalling their PCI DSS projects as their acquirer has not engaged them further to reach PCI DSS compliance.
This of course leads to that card security has stalled in Europe as well. Last figure I heard was that 3 300 000 cards was stolen I Europe every week from retailers. Let’s hope the number goes down fast.