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    Data Breach and PCI Security Programs

     

    Last year, nearly 36 million personal records were compromised by data breach — and that number is expected to grow in the future. What’s more, nearly 40 percent of those breaches occurred at businesses. The fines, assessments, and expenses merchants are obligated to pay even if a breach of credit card data is only suspected could cost thousands — even tens of thousands — of dollars.

    Secure Identity Systems’ Data Breach Insurance and PCI Security Program for Merchants is designed to protect merchants from that risk.

    Data Breach Program

    What is covered:

    The mandatory forensic audit required by the Payment Card Industry Data Security Standard (PCI DSS) when a data breach is suspected (this audit confirms whether an actual breach has occurred and pinpoints where your systems are most vulnerable)
    Credit card replacement costs and related expenses
    Assessments and fines levied by card sponsors for data breaches
    Data breaches caused by employee dishonesty and/or the physical theft of data, as well as computer hacking

    Insurance details:

    Level 2, 3 and 4 merchants covered regardless of PCI DSS compliance
    “A” rated insurer
    Flexible policy limits from $50,000 to $100,000 per MID
    No deductible
    No co-pay

    Click here to learn more, and to get started: http://www.royalgroupservices.com/secureidentitysystems/

    PCI Security Program

    Business owners who collect personal information and credit card numbers from their customers need to be Payment Card Industry (PCI) compliant by July 1st, 2010. PCI TOOLKIT® will guide merchants through a series of questions to help identify areas that are PCI compliant, and those that need remediation. Once areas of improvement are identified, the merchant will be assisted by clearly defined tasks and written guidance to achieve compliance. The entire PCI TOOLKIT® is written in plain language with many definitions and explanations. Once a merchant has completed the areas that need to be improved, the PCI TOOLKIT® will provide the merchant with a certificate that they can proudly display to let their valued customers know that they take their identity security seriously and that they are a trusted merchant.

    For more information: http://www.fnbmerchants.com