Direct Cost of Non-Compliance

Moving on to the direct cost of noncompliance... Its not all about the poster child for breaches. As estimated by June 2009, T.J. Maxx has paid out over 320 million for what was originally thought of, as 45 million records, yet ended up being over 94 million records in breach. They actually got a pretty good deal overall because it cost of about the same for 94 million records as it was estimated to cost them for 45.

The latest is heartland payment systems with over 130 million records and counting. And certified as quote compliant by Trustwave on April 30th, about nine months before the breach was discovered. Well it only took three months for the stock price to fall 57%.

This breach proved that you cannot be certified one day and quit worrying about breaches the next. Real-time monitoring is something every merchant has to do.

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