UK e-tailers don't understand PCI DSS - survey
Around 60% of UK online retailers do not know whether they are in compliance with the Payment Card Industry Data Security Standard (PCI DSS), according to a survey from Sage Pay.
Around two thirds of the 1000 SMEs polled by the security vendor say payment fraud remains one of the most daunting elements of running an online business.
In addition, only a small proportion of respondents could demonstrate a clear understanding of the financial risks and implications associated with conducting business online.
Only 39% of retailers questioned actually understand the definition of PCI DSS compliance, while 65% do not believe that they are personally responsible for covering the implications of payments fraud committed on their site.
Editor's Note: Let me take a moment to help UK eTailers understand that HomeATM's PCI 2.0 Certified PIN Entry Device is specifically designed for eCommerce use and removes eTailers from the scope of PCI DSS. Since the data is never in the clear, they are compliant if they utilize (or should I say utilise) our E2E Encrypted, Protected by DUKPT device.
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PCI DSS, UK Etailers, SafeTPIN, eCommerce, PCI Compliance
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