Why Does Your Company Need Panoptic Today?
The answer is simple: Your business bears the direct economic and reputation based brunt if your business loses or has stolen a customer's credit card information.
Here is some relevant research which bears out the answer about the significant, negative impact to your business if you lose or have stolen customer credit card information:
- 77% of 2,750 consumers polled said they would stop shopping at stores that suffer data breaches and 74% of merchants surveyed reported a loss of customers as a result of data breach
- Visa International found in a 2007 survey that 50% of consumers surveyed about cybercrime say they refuse to use their credit cards online and that really slows the growth of ecommerce.
- TNS PLC, a market research company, found that 75% of online shoppers surveyed say they have abandoned a retail site at one time or other due to security concerns.
- Customers who admit to abandoning a site, 90% said they would have proceeded with the sales if they had seen a recognized security certificate.
Additionally, 3 data breach notification bills are currently in front of Congress, and 29 states have already produced legislation relative to protecting consumers against data breaches.
There's good news, however: 85% of consumers will reward merchants who are perceived as security leaders with increased purchases.
Why Is This Happening To You Now?
Because like millions of small merchants who are continually gulping for air with the increasing rising tide of compliance demands like PCI and HIPPA and who do not have the time, energy or experience to to manage these demands each and every day.
What Can We Do To Help You Now and in the Future?
Panoptic Security can provide you with the expertise and compliance solutions tailored to your environment and business needs for you to quickly and easily comply with the PCI data security standard (PCI DSS).
If you have any questions, please email one of our PCI compliance specialists at PCI@panopticsecurity.com.
