Complying with PCI DSS may seem onerous but there are major benefits. When your organisation is compliant, it tells customers, both current and prospective, that you see their card data as important and are taking steps to mitigate the risk of those valuable details being lost in a data breach.

As well as enhancing your reputation with customers, it sends a message to banks and card providers that you are serious about data protection and are taking active steps to mitigate the risk of a breach, and that you have processes in place to minimise the risk of a security incident.

Card issuers can penalise organisations that suffer a breach and are found to have not been PCI DSS compliant. Those penalties can come in the form of fines or higher card fees. And there can be significant reputational damage should a breach occur and your organisation was found to be non-compliant. It can also put you at a competitive disadvantage if other participants in your market are compliant.

PCI DSS compliance is expected by companies offering cyber insurance and is critical for ensuring you are taking the right steps to protect your customer's payment information.