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How to Help Businesses Spend Less on PCI

How to Help Businesses Spend Less on PCI Channel Partners Can Help Clients Spend Less on PCIBy Ericka Chickowski No Title Maximizing the dollars spent stands to be one of the major value propositions channel partners can offer organizations that are either starting or maintaining PCI compliance programs. A recent study by Aberdeen Group found […]

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Ericka Chickowski

Jan 8, 2010

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How to Help Businesses Spend Less on PCI

Channel Partners Can Help Clients Spend Less on PCIBy Ericka Chickowski

No Title

Maximizing the dollars spent stands to be one of the major value propositions channel partners can offer organizations that are either starting or maintaining PCI compliance programs. A recent study by Aberdeen Group found that some of the biggest gaps between best-in-class organizations and laggard organizations in respect to chasing PCI controls aren’t reflected in the end result (eventual compliance), but in how much money it takes to actually achieve that result. Best practices are key to making the most of your dollars. Just how much can you save? Read on

Cost to Achieve Initial Report Of PCI Compliance

Average Best-in-Class Organization: $520,000Average Laggard Organization: $958,000

Time to Report Initial Compliance

Average Best-in-Class Organization: 11 monthsAverage Laggard Organization: 11 months

No Title

Annual Cost to Sustain PCI ComplianceAverage Best-in-Class Organization: $135,000Average Laggard Organization: $300,000

Time Since First Reporting Compliance

Average Best-in-Class Organization: 2 yearsAverage Laggard Organization: 2.3 years

Total Spent on PCI Compliance

Average Best-in-Class Organization: $748,000Average Laggard Organization: $1,642,000

Spending Component #1: Build and Maintain Secure Network

Average Best-in-Class Organization: $197,000Average Laggard Organization: $375,000

Spending Component #2: Protect Cardholder Data

Average Best-in-Class Organization: $186,000Average Laggard Organization: $399,000

Spending Component #3: Maintain a Vulnerability Management Program

Average Best-in-Class Organization: $88,000Average Laggard Organization: $188,000

Spending Component #4: Implement Strong Access Control Measures

Average Best-in-Class Organization: $93,000Average Laggard Organization: $211,000

Spending Component #5: Regularly Monitor and Test Networks

Average Best-in-Class Organization: $124,000Average Laggard Organization: $317,000

Spending Component #6: Maintain an Information Security Policy

Average Best-in-Class Organization: $97,000Average Laggard Organization: $152,000

How to Help Businesses Spend Less on PCI

Ericka Chickowski

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