Emerald Business Systems Blog


Average Annual Cost of PCI Compliance Audit? $225k – CSO Online – Security and Risk

Posted in PCI,POS,Retail by ebs4pos on March 1, 2010

Merchants that undergo network audits to ensure compliance with the Payment Card Industry Data Security Standards are paying an average of $225,000 each year — and 10% of these business are paying $500,000 or more annually, according to a new study. In spite of that, 2% of them fail these audits.Credit card data security: Who’s responsible?The study, conducted by The Ponemon Institute under sponsorship of Thales, surveyed 155 qualified security assessors QSA worldwide who are authorized by the PCI Security Standards Council to conduct these annual technical reviews of the largest merchants’ networks. The QSAs were asked to share information about how much their customers are spending on annual PCI audits, which are required by banks and card associations, such as Visa or MasterCard, to be allowed to process payment cards.With $225,000 to $500,000 spent annually on a PCI audit, “that’s a large chunk of change to be doing each and every year,” says Dr. Larry Ponemon, the Institute’s founder. That cost doesn’t include the technology changes and the operating and staff costs associated with the audit, according to the survey. Ponemon notes that sometimes the annual PCI audit “leads to a better security posture, but not always.”

via Average Annual Cost of PCI Compliance Audit? $225k – CSO Online – Security and Risk.

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One Response to 'Average Annual Cost of PCI Compliance Audit? $225k – CSO Online – Security and Risk'

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  1. This website looks great and I’ve been chugging through content! You share some great opinions and insight here. Always looking for motivating blogs to keep mine going!


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