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.
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
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/
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