Payment Card Industry (PCI) Data Security Standards (DSS) mandates. Acquirers will be fined $5,000 to $25,000 a month for each merchant who does not validate PCI compliance. Other key stakeholders, such as payment gateways, card vendors, and payment application vendors may be required to follow security guidelines in the near future. An estimated 78 percent of consumers will stop shopping where a breach occurs. The all-in-cost of a fraudulent or erroneous data breach can range from $182 to $350 per data record.”]

