Despite what detractors say, regulations are in place for good reason. They typically protect individuals from organizational malfeasance. Many of these regulations are actual laws passed by a governing body and cover the entire spectrum of the issue, not just the data involved. The ones that have data protection regulations written into them mostly deal with the handling and protection of sensitive information. For organizations that work in industries covered by these regulations there are very visible costs that go into compliance. Today, we look at the costs incurred by these organizations as a result of these regulations, and how to ascertain how they affect your business.
Does your business accept credit cards? Of course it does. Regardless of what industry you are in, your customers are now using payment cards for a large portion of their retail transactions both online and in-store. To protect consumers, there has been a compliance standard enacted by credit card companies. Today we will look at this standard.