Posted on June 17th, 2009 No comments
One of the most persuasive ROI arguments used to justify spending thousands (even millions) of dollars on PCI compliance was that implementing all those PCI-mandated security controls would help reduce fraud, as well as security breaches. Merchants have been encouraged to balance their spending costs against the savings due to having fewer breaches and less fraud. In the end, PCI compliance would translate into profits for the merchant due to fewer chargebacks, less internal fraud and a lower risk of security breaches.It’s a great theory.
Why PCI Has Not Reduced Fraud