What are the potential fines for PCI compliance violations?
An example of an AI chatbot conversation about PCI compliance fines and their implications.
What are the potential fines for PCI compliance violations?
The fines for PCI compliance violations can range from $5,000 to $100,000 per month, depending on the severity.
What factors determine the amount of the fine?
Factors include the level of non-compliance, the number of records compromised, and whether it's a repeat offense.
Can businesses appeal against these fines?
Yes, businesses can appeal fines, but they must provide evidence of compliance efforts and mitigating circumstances.
What are the long-term impacts of non-compliance?
Long-term impacts can include loss of customer trust, increased scrutiny from regulators, and higher operational costs.
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