According to a new Verizon Communications report, four out of five global retailers fall short on debit and credit card security, failing the Payment Card Industry Data Security Standard (PCI DSS), Reuters reports. The report also found that businesses tend to only upgrade security software just before a PCI DSS compliance check. Data for the report was gathered from more than 5,000 companies in 30 countries. Additionally, Verizon found that in the past 10 years, not one company that suffered a breach was compliant with the standards at the time of the incident.
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