Security News > 2020 > October > Only 27.9% of organizations able to maintain compliance with the PCI DSS

With many companies struggling to retain qualified CISOs or security managers, the lack of long-term security thinking is severely impacting sustained compliance within the Payment Card Industry Data Security Standard.

Additional findings shine a spotlight on security testing where only 51.9 percent of organizations successfully test security systems and processes as well as unmonitored system access and where approximately two-thirds of all businesses track and monitor access to business critical systems adequately.

"This report is a welcome wake-up call to organizations that strong leadership is required to address failures to adequately manage payment security. The Verizon Business report aligns well with Omdia's view that the alignment of security strategy with organizational strategy is essential for organizations to maintain compliance, in this case with PCI DSS 3.2.1 to provide appropriate levels of payment security."

"It makes clear that long-term data security and compliance combines the responsibilities of a number of roles, including the Chief Information Security Officer, the Chief Risk Officer, and Chief Compliance Officer, which Omdia concurs with," comments Maxine Holt, senior research director at Omdia.

While smaller businesses generally have less card data to process and store than larger businesses, they have fewer resources and smaller budgets for security, impacting the resources available to maintain compliance with PCI DSS. Often the measures needed to protect sensitive payment card data are perceived as too time-consuming and costly by these smaller organizations, but as the likelihood of a data breach for SMBs remains high it is imperative that PCI DSS compliance is maintained.

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