How Much Does PCI Compliance Cost? 9 Factors To Consider
Cimcor, Friday, November 17,2023
PCI compliance can represent a significant cost for small businesses and startups. However, it's important to keep in mind that the cost of compliance is always lower than the cost of non-compliance. No business can afford the stiff financial penalties associated with failure to submit the required proof of compliance or the loss of revenue and potential lawsuits that can result from a data breach.
Modern IT professionals and business owners should start thinking of compliance as a recurring expense. Build compliance requirements into your annual budget to avoid sticker shock or scrambling to meet the minimum. If your business anticipates an ongoing need to process cardholder payments, PCI compliance is a requirement that must be considered. In this blog, you'll learn how to plan for the cost of becoming PCI compliant and maintaining compliance in the years to come.