PCI DSS 4.0.1 Compliance Chaos: Merchants in the Hot Seat!
PCI DSS 4.0.1 compliance might feel like herding cats on a unicycle. Merchants are still responsible for their payment systems’ security, even with outsourced services. Remember, a PCI-compliant provider doesn’t mean you’re off the hook. Compliance is a shared burden, so grab your helmet and start pedaling towards understanding those new requirements!
Hot Take:
Secure those credit card numbers, folks, or prepare to pay the piper! PCI DSS 4.0.1 is like your overzealous New Year’s resolution—it sounds good in theory but is a real pain in practice. If you’re not careful, the fines will hit harder than your gym trainer’s pep talk after the holidays.
Key Points:
- The PCI DSS 4.0.1 compliance deadline is set for March 31, 2023.
- Non-compliance can lead to fines starting at $5,000 per month, escalating to $100,000 monthly.
- Organizations mistakenly believe compliance responsibility is fully outsourced with third-party providers.
- APIs are a significant threat vector, especially with retailers facing 66.5% of malicious traffic.
- Ultimately, merchants are responsible for compliance, even when using service providers.
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