Security lax in card purchases amid pandemic nudge towards digital payments

Study says only 27.9% of global organisations were able to maintain full compliance with Payment Card Industry Data Security Standard. This is a 27.5 percentage point drop over 2016

Compliance with standards to help protect card companies’ security has dipped even as the pandemic has pushed more people to use digital payments.

The Verizon Business 2020 Payment Security Report (PSR) noted that only 27.9 per cent of global organisations were able to maintain full compliance with the Payment Card Industry Data Security Standard (PCI DSS). This is a 27.5 percentage point drop over 2016 (see chart 1).

The technology company’s report looked at the payment card industry’s security standards to understand how well companies are protected. The data in the report analysed compliance with standards in