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Coalfire, a leading independent IT Audit and Compliance company and a Magento Enterprise level Industry Partner, was invited to speak to the Magento community on Tuesday, June 22. This webinar, which can be viewed here, discussed how Magento merchants can ensure compliance to the new Payment Card Industry (PCI) requirements. Vice President of Merchant Services at Coalfire, Mark Lucas spoke during the hour-long webinar, which supplied valuable information regarding the do’s and don’ts of what an ecommerce merchant needs to know about the new guidelines the PCI council will soon be enacting, and avoid potential penalties.
PCI Topics Covered:
- The basics of PCI
- Risks involved with credit cards
- How PCI compliance validation can be a quick and easy way to avoid credit card risks
- Who is responsible for PCI compliance
- Validation requirements
- Where PCI compliance is headed in the future
- Common PCI questions
Mark Lucas went on to discuss the ways that Coalfire can help guarantee PCI compliance and avoid credit card risks.
Lucas also shared some interesting facts with the group about PCI statistics and compliance.
Quick Facts:
90% of all merchants are Level 4 merchants- Process less than 1 million transactions per year
Over 80% of compromised systems were card present
Preventing an incident is typically less than 4% of the cost of the incident
Magento has a PCI compliance assistance program
Take a look at what Magento’s PCI Compliance Assistance Program can offer you.
The webinar was well-received and acted as a nice foundation for merchants looking to learn more about the regulations and requirements that have been set in place to manage credit card risks. To re-visit the webinar, click here.
If you found this webinar useful or you’d like to learn more detailed information about the Payment Card Industry, be sure to mark the following webinar dates and times on your calendar.
July 14th – Part II – Focus on the Merchant Register now!
July 21st – Part III – How Magento Solution Partners Can Ensure PCI Compliance for Their Clients Registration info coming soon!
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