Card security scheme losing UK support

While the Payment Card Industry Data Security Standard aims for retailers to have security policies in place to keep credit card data safe, a growing number of businesses think the scheme is unnecessary
Written by Steve Ranger, Global News Director

Businesses are unconvinced of the benefits of a looming security standard for credit card payments.

The Payment Card Industry Data Security Standard (PCI DSS) aims to cut credit card fraud by ensuring that companies which take card payments — such as retailers — have adequate security policies in place.

But according to a survey of 100 retail, financial and leisure businesses, 27 percent of respondents feel PCI DSS is unnecessary and the same number plan to put off compliance for as long as possible, while nearly one in three are unconvinced that PCI DSS will improve IT security.

For more on this story, see Card security standard gets cold shoulder from UK businesses on silicon.com.

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