{"id":583,"date":"2024-06-10T03:28:00","date_gmt":"2024-06-10T03:28:00","guid":{"rendered":"https:\/\/www.woodcentral.com\/-\/peter\/?p=583"},"modified":"2026-05-24T11:28:32","modified_gmt":"2026-05-24T11:28:32","slug":"payment-card-industry-data-security-standards","status":"publish","type":"post","link":"https:\/\/www.woodcentral.com\/-\/peter\/payment-card-industry-data-security-standards\/","title":{"rendered":"Payment card industry data security standards"},"content":{"rendered":"\n

If a business stores credit card numbers on their website and experiences a data breach, they can face severe penalties and consequences:<\/p>\n\n\n\n

    \n
  1. PCI DSS Fines: For non-compliance with Payment Card Industry Data Security Standards (PCI DSS), businesses can be fined $5,000 to $100,000 per month until violations are rectified[1][3].<\/li>\n\n\n\n
  2. Per-Record Penalties: Credit card processors typically fine companies $50-$90 for each exposed customer record during a breach[3].<\/li>\n\n\n\n
  3. Breach Expenses: Additional penalties may include breach expenses ranging from $50,000 to $100,000[5].<\/li>\n\n\n\n
  4. Card Re-issuance Fees: A $50 re-issuance fee per compromised card may be charged[5].<\/li>\n\n\n\n
  5. Customer Notification Costs: Businesses may have to pay around $2 per customer for notification of the breach[5].<\/li>\n\n\n\n
  6. Legal Action: The business may face lawsuits from affected customers or groups of cardholders[2].<\/li>\n\n\n\n
  7. State Penalties: In some states, like Virginia, the Attorney General can impose civil penalties of up to $150,000 per breach or series of related breaches[2].<\/li>\n\n\n\n
  8. Reputational Damage: Beyond financial penalties, the business may suffer significant damage to its reputation and loss of customer trust[1].<\/li>\n\n\n\n
  9. Operational Disruption: The business may need to temporarily halt operations to address the breach and implement security improvements.<\/li>\n\n\n\n
  10. Increased Scrutiny: The company will likely face increased scrutiny from payment card brands and may be subject to more frequent audits.<\/li>\n\n\n\n
  11. Loss of Processing Privileges: In severe cases, the business could lose its ability to process credit card payments altogether.<\/li>\n<\/ol>\n\n\n\n

    It’s crucial for businesses to properly secure credit card information by implementing strong encryption, access controls, and following PCI DSS guidelines. Storing sensitive data like CVV numbers or full credit card numbers is generally not recommended and may violate PCI DSS standards[3]. Businesses should only store the minimum necessary information and use secure methods like tokenization<\/a> when retention is required[1].<\/p>\n\n\n\n

    Citations:
    [1]     https:\/\/www.lawpay.com\/about\/blog\/storing-credit-card-information\/<\/a>
    [2]     https:\/\/www.kaufcan.com\/news\/articles\/payment-card-information-data-breaches-what-business-owners-probably-do-not-but-should-know\/<\/a>
    [3]     https:\/\/nordlayer.com\/learn\/pci-dss\/pci-fines\/<\/a>
    [4]     https:\/\/www.bankrate.com\/credit-cards\/advice\/can-merchants-store-card-details\/<\/a>
    [5]     https:\/\/www.myknowledgebroker.com\/blog\/business-insurance\/credit-card-penalties\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    If a business stores credit card numbers on their website and experiences a data breach, they can face severe penalties and consequences: It’s crucial for businesses to properly secure credit card information by implementing strong encryption, access controls, and following PCI DSS guidelines. Storing sensitive data like CVV numbers or full credit card numbers is … Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/posts\/583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/comments?post=583"}],"version-history":[{"count":0,"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/posts\/583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/media\/584"}],"wp:attachment":[{"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/media?parent=583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/categories?post=583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.woodcentral.com\/-\/peter\/wp-json\/wp\/v2\/tags?post=583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}