The Whole Cost Breakdown for Obtaining PCI DSS Certification in Chennai

There is no fixed cost for being PCI DSS (Payment Card Industry Data Security Standards) compliant. Instead, the expenses are mostly determined by the size of your organization, the volume of transactions it does each year, and the transmission and storage techniques you utilize.

The PCI DSS certification in Chennai is intended to protect the security and integrity of a user's cardholder data environment. As a result, the certificates framework requires that all organizations that conduct online transactions become PCI DSS compliant. If any organization under the scope of PCI DSS is discovered to be non-compliant, there will be serious consequences.

Estimating the PCI DSS certification Cost

The PCI DSS certification cost in Chennai can vary significantly depending on:

The size of your business

Volume of card transactions

Scope of system changes required

Whether you hire a PCI DSS certification consultant in chennai

The level of PCI DSS services you need

PCI DSS certification levels

PCI DSS certification requirements are divided into four merchant levels, based on the annual volume of credit or debit card transactions processed by a business for both e-commerce and brick-and-mortar transactions. The following are the four validation levels:

Level 1 : It comprises firms that process over 6 million card transactions every year. These firms must pass an annual Qualified Security Assessor (QSA) exam and have a quarterly network visibility scan performed by an Approved Scanning Vendor (ASV).

Level 2 : It covers businesses that process anything from one million to six million card transactions a year. They may be asked to provide quarterly ASV network vulnerability scans in addition to completing a yearly Self-Assessment Questionnaire (SAQ).

Level 3 : It covers businesses that process between 20,000 and 1 million card transactions annually. Level 3 companies may be required to submit a quarterly network vulnerability scan in addition to completing an annual SAQ, just like level 2 companies.

Level 4: Businesses that do less than 20,000 card transactions a year are included. Similar to levels 2 and 3, these companies may also be required to submit a quarterly network vulnerability scan in addition to completing an annual SAQ.

Costs associated with PCI DSS compliance that you might encounter

As was already mentioned, a number of factors affect the cost of PCI DSS certification. Here, we go over some important topics that may have an impact on the cost of your PCI DSS journey.

Cost of preparation: Completing the audit and passing with flying colors is not the only goal of PCI DSS. Incidental costs for infrastructure, software and hardware, employee training on security best practices, and other fees will arise before you even begin the PCI assessment. Therefore, the price varies according to how many changes your company must do.

PCI DSS audit cost: You must complete a Report of Compliance (ROC) or a Self Assessment Questionnaire (SAQ) based on your organization's PCI DSS level. They are both yearly recurrent costs. Therefore, make sure to factor in the audit cost when calculating your expenses. An SAQ's typical market price falls between $5,000 and $20,000. Additionally, ROCs range in price from $35,000 to $200,000.

Non-compliance with PCI DSS has significant costs. Assume, for instance, that your company's non-compliance with PCI is the reason for the security event in which you are a victim. A non-compliance fee will then be assessed to you in order to make up for the harm the breach caused to the card issuer. The monthly cost of these non-compliance fines can reach $100,000. The length of time that your organization was non-compliant will determine how long the recovery process lasts. The tenure increases with the length of non-compliance.

The price of a breach of data: In addition to exposing you to non-compliance fines, a data breach or security incident has a big influence on your internal financial management. For instance, investigations, hiring attorneys and handling other legal costs, FTC audits, alerting cardholders, and compensating customers affected by the breach will consume a significant portion of your budget.

Any firm managing cardholder data must be PCI DSS certified, but it doesn't have to be a difficult procedure. With a methodical approach, expert PCI DSS consulting, and trustworthy PCI DSS services, you may confidently fulfill compliance requirements. Most significantly, having professionals who are knowledgeable about the technical and regulatory environment make it much easier to manage the PCI DSS cost.

Are you prepared to streamline your PCI DSS experience? Begin by scheduling a consultation right now [email protected]