How to Help Businesses Spend Less on PCI
Channel Partners Can Help Clients Spend Less on PCIBy Ericka Chickowski
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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
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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