"Only 27.9% of Organizations Able to Maintain Compliance With The PCI DSS"
Global organizations are still putting their customers’ cardholder data at risk due to a lack of long term payment security strategy and execution, flags the Verizon report. Payment data remains one of the most sought after and lucrative targets by cybercriminals, with 9 out of 10 data breaches being financially motivated. On average, only 27.9 percent of global organizations maintained full compliance with the Payment Card Industry Data Security Standard (PCI DSS). The PCI DSS was developed to help businesses that offer card payment facilities protect their payment systems from breaches and theft of cardholder data. The researchers also found that this is the third successive year that a decline in compliance has occurred with a 27.5 percentage point drop since compliance peaked in 2016.