Most of us are accustomed to, and grateful for, the convenience of a cash-free lifestyle where with a swipe of a card or the entering of a few numbers online, we can easily purchase goods or services, without touching a coin or note.
However, alongside the convenience of e-commerce comes a hidden danger for which we need to be prepared.
Recently, I spoke with Roger Greyling, a data security expert with Security-Assessment.com about the vital need for businesses to be compliant with the Payment Card Industry Data Security Standard (PCI DSS). It is his view that Australian-based businesses are becoming “soft targets” for malicious hackers.
Why is Australia so vulnerable? “In Australia, there is no law requiring companies to disclose the details of data security breaches, as there is in the UK or in parts of the USA. Instead, there is a focus on security breach clean-ups, rather than prevention.”
Basically, without the threat of public shame or a sizable fine, there is limited incentive for businesses to comply with the PCI DSS. The risk is that if international hackers find it tougher to breach business security measures in countries which take data security seriously, they are likely to see Australian companies as soft targets.
Debitsuccess’ highest level of compliance with PCI DSS places us at the leading edge of businesses who take information security seriously. We strongly agree with the view that there needs to be a collective effort across government, financial institutions and businesses within Australia, if we are to avoid becoming a soft target for hackers.
For more of my discussion with Roger Greyling on the important reasons why Australian businesses should be PCI DSS compliant, click here to see the full interview.