Security News > 2020 > October > Verizon: Just 25% of global businesses comply fully with the Payment Card Industry Data Security Standard

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 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.

More worryingly, Verizon reckoned that just 70 per cent of financial institutions "Maintain essential security perimeter controls".

US outfits were the least likely to comply with PCI DSS, with just 20 per cent of orgs examined by Verizon making the grade.

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https://go.theregister.com/feed/www.theregister.com/2020/10/06/verizon_pci_dss_survey/