Cybercriminals frequently target small business owners, and payment systems are one of the most common entry points through which they find their way into their networks.
To come up with an answer to the problem, PCI SSC has come up with a new tool to help small business owners evaluate their cybersecurity readiness, as well as providing them with additional resources through which they can broaden their horizons.
The recent statistics suggest that 60% of businesses compromised in a cyberattack go out of business within 6 months, which indicates the threat is very real and that it can have devastating consequences.
Troy Leach, PCI Security Standards Council Chief Technology Officer, said that with the new tool, merchants will be getting the confidence they need, knowing they are doing everything in their power to protect their customers. It was designed to provide the resources needed to address cybersecurity threats.
In essence, the PCI data security essentials resources for small merchants are the educational material small business owners need to get started protecting their customers. The information provided therein is up-to-date and aims to address the latest cybersecurity threats that small business owners often face.
PCI Small Merchant Taskforce was the group behind the development of the educational material. It was launched by the council in 2015 and has since become a global cross-industry consortium that gives small business owners all the tools they need to protect their payment data from being compromised.