What are the penalties and fines for non-compliance?
The penalties and fines for failure to comply with the requirements or rectify a security issue are severe. Fines range from $10,000 to $500,000 per incident depending on the severity of the situation and the magnitude of the compromise. In addition, should a security breach occur in your environment, you will be liable for the cost of any required forensic investigations, any fraudulent purchases, the cost of re-issuing cards, and you may be subject to the loss of credit card acceptance privileges.
