What are the penalties and fines associated with a security breach?
A. Per the card associations, the penalties and fines for failure to comply with requirements or to rectify a security issue can be severe. These fines range from $10,000 to $500,000 per incident. If a security breach occurs in your environment, you will be liable for the cost of the required forensic investigations, fraudulent purchases, and the cost of re-issuing cards. Please note that you may also lose your credit card acceptance privileges.
