A little more than a quarter of companies worldwide are fully compliant with the exacting PCI DSS online payment security standard, according to US telco Verizon.
The company's 2020 Payment Security Report found that only 27 per cent of organisations worldwide were in line with the full ambit of the PCI DSS (Payment Card Industry Data Security Standard) for handling payment card data in online purchases.
"Unfortunately we see many businesses lacking the resources and commitment from senior business leaders to support long-term data security and compliance initiatives. This is unacceptable," said Sampath Sowmyanarayan, president, Global Enterprise, Verizon Business. "Payment security has to be seen as an ongoing business priority by all companies that handle any payment data, they have a fundamental responsibility to their customers, suppliers and consumers."
Compounding that, Verizon also said that PCI DSS compliance has fallen by 27 percentage points since 2016, with < ..
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