Are there fines if cardholder data is compromised?
Yes. If cardholder data that you are responsible for is compromised, you may be subject to the following liabilities and fines associated with non-compliance: • Potential fines of up to $500,000 (at the discretion of Visa, MasterCard, Discover or other card associations) • All fraud losses incurred from the use of the compromised account numbers from the date of compromise forward • Cost of re-issuing cards associated with the compromise • Cost of any additional fraud prevention/detection activities required by the card associations (i.e. a forensic audit) or costs incurred by credit card issuers associated with the compromise (i.e.
