New Verizon Report Finds Most Businesses That Accept Payment Cards Fail To Maintain PCI Standards

Noncompliance Linked to Increased Breach Risk, Financial and Reputational Damages

Recently The Wall Street Journal offered a sneak peek of Verizon Enterprise Solutions' upcoming 2014 PCI Compliance Report that will be issued on Tuesday, Feb. 11.

Based on actual casework and believed to be the only report of its kind in the industry, the report will reveal that too many businesses – following an annual assessment for meeting the Payment Card Industry (PCI) Data Security Standard (DSS) – fail to maintain ongoing compliance with the PCI standard, putting them at an increased risk for data breaches, and financial and reputation damages.

The report analyzes five years of PCI assessment data with a specific focus on the retail, financial services and hospitality industries across North America, Europe and the Asia-Pacific region. Full details of the report will be available on Verizon Enterprise Solutions' News Center on February 11.