Tag: payment card data breach cover for PCI compliant businesses
Do I Need PCI DSS Compliant Cyber Insurance? 2024 Guide for Small Business Card Merchants: Fines, Data Breach Coverage & Eligibility
2024 updated buying guide for U.S. small business card merchants: Per the PCI Security Standards Council, National Association of Insurance Commissioners, and National Federation of Independent Business, 43% of all cyberattacks target small card-processing SMEs, with PCI non-compliance fines reaching $100,000 per month that can force 62% of affected small businesses to close permanently. This