A poll of 65 merchants across Europe by NetIQ revealed that two years after the standard was introduced the majority of firms are still way off being compliant. Worse, the majority (54 per cent) have no timetable for getting up to speed. Only 17 per cent of respondents reckoned that they would be compliant within six to twelve months.
By comparison, 23 per cent of respondents to a similar survey of 300 US organisation said they were already PCI DSS compliant. However more than two in five (44 per cent) of those quizzed had no idea when they would achieve compliance.
Seven out of 10 of those quizzed by NetIQ reckoned that the penalties for non-compliance would only occasionally be levied, while 23 per cent said that fines would “almost never” be issued.
But wait, it gets better:
US grocery chain Hannaford warned in March that an information security breach (later blamed on malware) had exposed an estimated 4.2 million credit card records. Hannaford had achieved PCI DSS compliance prior to the breach but the approval process failed to uncover the flaws that led to the breach.