Heavy fines, up to $500,000 per incident and liability for fraudulent charges are the penalty for Non-PCI Compliant retailers
Retailers have to deal with traditional loss prevention problems such as dishonest employees and shoplifters but cyber-crime is just as real. Credit Card skimming, data theft over wireless networks, and malware cause retailers millions of dollars each year.
In addition to cyber-security issues, the Payment Card Industry (PCI) compliance requirements cost retailers time and money. The POS is generally the most vulnerable area for cyber-thieves to break in and steal credit card information. Without organization-wide processes in place, achieving PCI compliance is impossible.
A retailer that is found to be non-PCI-compliant will face stiff penalties from the credit card company — regardless of whether the network has been compromised yet. The retailer can face heavy fines, up to $500,000 per incident, liability for fraudulent charges, and even revoke the ability to accept credit cards.
For all of these reasons, it’s important that retail operators have the tools for PCI enforcement, as
well as the tools to prove compliance at any given time. Savid Technologies’ Consulting Services provide the tools to achieve and maintain PCI compliance.
Retail Security Consulting Services
Retailers have a unique set of compliance and technical requirements. Savid’s risk management methodology helps retailers that have to deal with these unique issues by being framework based, PCI compliant, and our reports have been used by many organizations to pass audit after audit. Savid’s unique approach to PCI compliance involves the analysis of Primary Account Number (PAN) through your environment. Visually (and accurately) representing this very early in the process reduces assumptions and lowers the time and cost involved in being PCI compliant.
For the retailer that has to deal with physical retail space in addition to e-commerce, Savid has developed cost effective security controls that have been proven to work in large high decentralized franchise and retail environments.
Savid’s Consulting Services include:
Savid’s Technology Implementation Services include the auditing, installation, and configuration of: