The Evolving Need for PCI DSS Compliance.
The current COVID-19 pandemic has dramatically accelerated a trend that was already on the rise — a move toward many new forms of electronic payment that involve capturing and transmitting credit card data. Businesses have moved online-only transactions during this crisis, and many consumers don’t want to handle physical money. And with so many employees working from home on their own computers, laptops, and mobile devices, the risk of a data breach is increasing at an exponential rate.
Many companies are vulnerable to breach, theft, and fraud. A single data breach can severely impact a company’s reputation as well as its ability to conduct business in the future. For merchants that process, store, and transmit credit card information, Payment Card Industry Data Security Standard (PCI DSS) compliance has never been more critical.