The Real Cost of PCI DSS Certification: Budget Breakdown for 2025
The Real Cost of PCI DSS Certification: Budget Breakdown for 2025
Blog Article
The Real Cost of PCI DSS Certification: Budget Breakdown for 2025
There is no set price for achieving PCI DSS certification in Bangalore . The cost of PCI DSS certification in Bangalore is mostly determined by your company's size, annual transaction volume, and data transmission and storage techniques. Understanding the associated costs is critical for firms that process cardholder data. This blog will break down the components of the PCI DSS procedure, the associated costs, and provide insights to help you estimate your compliance costs.
Types of PCI DSS Compliance Costs
There are several sorts of charges related with PCI DSS compliance:
Preparation Cost:
Prior to a PCI audit, firms will incur incidental costs such as employee training, software and hardware purchases, and infrastructure changes. These expenses vary according to the amount of adjustments needed to fulfill compliance.
PCI DSS Audit Costs
Depending on your PCI DSS level, you must fill out a Self-Assessment Questionnaire (SAQ) or a Report of Compliance (ROC). These are annual, recurrent expenses. The average market price for a SAQ ranges from $5,000 to $20,000, whereas ROCs cost between $35,000 and $200,000.
Vulnerability scans
Organizations must undertake quarterly vulnerability scans, either internally or with a PCI DSS-Approved Scanning Vendor (ASV), which can cost up to $200 per IP each year.
Penetration Testing
Penetration testing is vital for business entities who need to execute ROC, SAQ D, SAQ C, SAQ C-VT, SAQ B-IP, and SAQ A-EP. The costs range from $3,000 to $30,000, depending on the size of the organization.
PCI Compliance Fee from Card Processing Providers
Card service providers may charge between $70 and $120 per year to pay their compliance-related charges.
Cost of PCI DSS Noncompliance
Noncompliance with PCI DSS can have serious consequences, including:
Non-compliance Fees
Non-compliance costs might reach $100,000 per month, depending on the duration of the non-compliance. Card issuers may potentially raise transaction fees by up to $90 per transaction.
Costs of Data Breach
A data breach can result in spending for investigations, legal fees, FTC audits, informing cardholders, and compensating impacted customers. Non-compliant firms must additionally complete Level 1 compliance standards, which can range in cost from $50,000 to $200,000 yearly.
Loss of Merchant License
Noncompliance may result in the loss of the license to accept card transactions, which would have a serious impact on business operations
.
How a PCI DSS Consultant Helps Reduce Expenses
A qualified PCI DSS consultant in Bangalore is more than simply an advisor; they are a cost-effective collaborator. Here's how.
- Creates efficient compliance roadmaps and recommends cost-effective tools/services.
- Prevents unnecessary infrastructure upgrades and audit failures. • Provides packaged PCI DSS services at discounted pricing.
Their hands-on experience guarantees that every dollar invested contributes to genuine progress in your compliance journey.
Achieving PCI DSS compliance is critical for protecting cardholder data and maintaining customer trust. While expenses vary depending on the size of the business and the volume of transactions, they are important to prevent large fines, legal issues, and reputational harm caused by noncompliance. Businesses can streamline the process and reduce costs by understanding and budgeting for PCI DSS standards, as well as using a unified compliance management platform. Finally, PCI DSS compliance safeguards against data breaches and cyber threats, ensuring a safe and reliable operation in 2025. Report this page