Compliance Standard Fines for Small Firms' Breaches

PureNet advises ecommerce businesses who are involved in storing, processing, or transmitting cardholder data to adhere to the Payment Card Industry Data Security Standard or face fines.

(I-Newswire) September 11, 2009 - PureNet, the York-based e-commerce solutions provider, issued a stark warning to online retailers, who may be disregarding the Payment Card Industry Data Security Standard (PCI DSS) - 'follow the standard or pay later'.

The standard was created by the five major credit card companies to help organisations that process card payments prevent credit card fraud through increased controls around data and its exposure to compromise.

The card payment industry is facing the increasing threat of data theft. To date, criminals have stolen millions of customer card records. Since 2005, more than 80% of the credit card breaches have occurred at small businesses.

Fines for non-compliance with PCI DSS are already being handed out to retailers and in some cases they have been severe. A recent example was a restaurant in California who unknowingly stored over 11,000 credit card records in their point of sale system. Under the regulations, 'track' data from the credit cards magnetic strips cannot be stored. When that data was breached, Visa and MasterCard fined Abanco, the restaurant's merchant account provider, $27,000. Abanco then in turn passed that fine onto the restaurant.

In 2008, VISA reported that merchants could have avoided most security breaches if they had implemented simple measures, such as removing sensitive authentication data, limiting data retention, and protecting internal and wireless networks through consistent company-wide monitoring and access control.

Managing director of PureNet, Dr. Paul Gibson, said: "PCI DSS applies to all firms if they're involved in storing, processing or transmitting any cardholder data.

"What's more, the standard doesn't just apply to storing data electronically. It also covers manual processing and storage, so it's important organisations know how the standard applies to them before embarking on any retailing venture.

"The adoption of the standard will reduce the risk of suffering a data compromise, and its financial consequences."

PureNet is a leading e-commerce specialist, who can help guide clients through the PCI 'maze'. They have a wealth of experience in the development of e-commerce websites and their ecommerce platform, WebPOS, has been used successfully across a number of diverse retail fields, from clothing retailers, to football clubs, even an agricultural tagging merchant

About PureNet

PureNet is an award-winning company that takes a fresh and creative approach to designing, building    More..and marketing flexible and scalable B2B and B2C e-commerce solutions.

We deliver outstanding results by integrating strategy, designs that rock, cutting-edge applications, metrics and absolute support to formulate an e-commerce solution that gives you a return on your investment by enhancing your customer's experience, improving your profitability and retaining and acquiring new customers.Less..

Contact Information

IT Centre, York Science Park
YO10 5DG
Phone : 01904 898444


data   eCommerce   security   standard   payment   card   industry   pci dss   purenet  

Published in:

Business > e-Commerce

Published On:

September 11, 2009

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

Ellen Laura Esses Joins RE/MAX Alliance Group
Broker-Associate Ellen Laura Esses Joins RE/MAX Alliance Group in Sarasota, Florida

Ex Mississippi Governor Haley Barbour's Grants Of Commutations
Former Mississippi Governor Haley Barbour's grants of commutations or pardons to more than 200 prisoners, all but eight in his final days in office, disproportionately benefited white offenders among a predominantly black prison population, a Reuters

Cheap Essay A Premium Essay Writing Service Is Launching A New Easy to Navigate Website With Discounted Prices For Essay Writing.
A Premium Essay Writing Service Is Launching A New Easy to Navigate Website With Discounted Prices For Essay Writing.

Gains of Outsourcing to India
There are several steps given below to gain in Outsoucing to India

Sturdy Gun Safe Offers American Made Gun Safes at the Best Prices
Sturdy Gun Safe has been offering American Made Gun Safes at the Best Prices. They are one of the best commercial gun and fire safe manufacturers in the USA.