There are many online companies including some big names like Yahoo, Wendy’s, Target and GameStop who have experienced data theft. This has led to sensitive information pertaining to payment cards, customer identification and other such vital information being shared across the internet on a massive scale. In spite of the best technologies and other such protections being in place, there are reasons to believe that there could always be the risk of data theft and pilferage. This is where being a PCI compliant organization could be useful in more ways than one. Customers should be aware of the fact that it is important for them to ensure that their data is protected at all points in time. This is because many businesses by their nature are allowing their customer information to become a target of breach and pilferage. The main basis for doing business between organization is trust and when a company is PCI compliant it goes a long way in improving the level of security. Here are a few points that could throw light about the various benefits and advantages pertaining to reasons why organizations should go in for PCI compliance.
Reduce The Risk Of Security Breaches
Gone are the days when your business could be considered safe just by locking the physical doors after the end of the business in the night. Today most business does not run their enterprises using the brick and mortar model alone. They use the power and reach of the internet to run their business. While this certainly is a force multiplier, it does come with its own problems and challenges. There is always the risk of data and personal information being pilfered and hacked. However, when you use PCI technology you have some compliance regulations in place. These help you to lock your shop digitally. They will safe and secure access control, two-factor authentication and other such processes. This will go a long way the customer data safe and the same will be the case with your data.
Peace Of Mind
Breaches in an online transaction are a real threat and there is no point brushing it under the carpet. The best way to handle it is to be prepared and find out ways by which the problems and risk associated with data breach and online theft can be avoided. Having the right PCI protocols and procedures in place can most certainly help to pre-empt any such nefarious designs and most importantly will help organizations to be proactive rather than being reactive as far as the date as safety and other such factors are concerned.
Improve Customer Confidence
Customers would certainly want to deal with online business enterprises that ensure total safety and protection of their data. They certainly would not like to be associated with organizations that are lackadaisical about the sensitive information that they handle on a daily basis. Towards this objective, being PCI compliant certainly helps and it does improve customer confidence quite a bit.
In fine, with the internet defining commercial transactions over a period of time, it is quite obvious that the importance of PCI compliance is extremely important, to say the least.