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An interesting interview with Bob Russo, general manager of the PCI Security Standards Council and Practical e-Commerce, an online resource for merchants.

This part of the interview concerns the rarely discussed issues of fines

Practical e-Commerce asked the question “although there is a lot of talk about having to comply with PCI standards, there don’t seem to have been any real ramifications for non-compliant merchants to date.

Bob Russo replied “I totally disagree. You’re playing Russian roulette here with your business. While there might not be a validation requirement (which is to say that you may not have to prove to anyone that you are PCI compliant), if in fact you suffer a breach and you are found not to be compliant at the time of this breach, then there are tremendous ramifications.

“There are fines, and for a small business, a fine could literally put them out of business. There is the specter of customers walking away because they’ve either figured out, or  with our breach notification laws  someone has told them that the breach occurred at the merchant’s site. There’s the specter that they will not shop with the merchant anymore because they feel like you [the merchant] are not keeping their information safe, whether it be credit card information or personal information. It’s a really big issue. Are your readers willing to play Russian roulette? They’re the only ones who can answer that question.”

Read the full interview at http://www.practicalecommerce.com/articles/2565-PCI-Council-General-Manager-on-Non-Compliance-Russian-Roulette-

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