Analyzing The Cost of PCI DSS Certification in Indonesia
Becoming compliant with PCI DSS (Payment Card Industry Data Security Standards) has no set cost. Your company's size, the number of transactions it makes each year, and the way it transmits and stores data all have a significant impact on the PCI DSS Certification cost in Indonesia . Businesses that handle cardholder data must be aware of the associated costs. The PCI DSS process's elements, related fees, and tips to assist you calculate your compliance costs will all be covered in this blog.
A skilled PCI DSS consultancy in Indonesia can reduce costs by guiding you toward the appropriate certification path, eliminating unnecessary upgrades, and assisting with documentation.
How to Determine the Cost of PCI DSS Certification
The degree of PCI compliance and the infrastructure that is currently in place at your company have a significant impact on the cost of PCI DSS certification. A more accurate estimate can be obtained by using a compliance cost calculator. Ballpark estimates for various stages are as follows:
Security of Networks
A number of network security features, like encryption, DDoS mitigation, and unauthorized access detection, are required by PCI DSS. With tool setup fees excluded, assigning an internal resource to continuously monitor your business settings can cost about $2,400 per year.
Encryption of Data
Customer data must be encrypted to guarantee security. The total cost may be affected by managing this internally or by employing an outside consultant.
Software for Antiviruses
The cost of an annual subscription to antivirus software, like Kaspersky or Norton, for up to ten users ranges from $100 to $150. The number of employees you have will affect the costs.
Employee Education Educating staff members on cybersecurity and the most recent advancements guarantees that everyone in the company is equipped to copyright a robust security posture. Typically, security training sessions cost $20 to $30 per employee.
PCI DSS Compliance Cost Types
The following categories of expenses are linked to PCI DSS compliance:
Cost of Preparation
Organizations will have to pay for incidental costs including infrastructure changes, software and hardware purchases, and employee training prior to a PCI audit. The number of adjustments needed to achieve compliance determines how much these expenditures will cost.
Cost of PCI DSS Audit
You have to fill out either a Report of Compliance (ROC) or a Self-Assessment Questionnaire (SAQ), depending on your PCI DSS level. These are ongoing, yearly costs. While ROCs cost between $35,000 and $200,000, the average market price for a SAQ is between $5,000 and $20,000.
Vulnerability Assessments
Companies are required to do vulnerability scans on a quarterly basis, either internally or by using a PCI DSS-Approved Scanning Vendor (ASV), which can cost up to $200 per IP each year.
Testing for Penetration
Organizations that must finish a ROC, SAQ D, SAQ C, SAQ C-VT, SAQ B-IP, and SAQ A-EP must conduct penetration testing. Depending on the size of the company, expenses can range from $3,000 to $30,000.
Payment to Card Processing Companies for PCI Compliance
Card service providers may impose fees ranging from $70 to $120 per year in order to recoup their costs associated with compliance.
The price of PCI DSS Non-adherence
Significant consequences may result from noncompliance with PCI DSS, including:
Fees for Non-Compliance
Monthly non-compliance costs might reach $100,000, contingent on the length of non-compliance. Additionally, card companies have the authority to raise transaction fees by as much as $90 per transaction.
A Data Breach's Costs
Investigations, legal fees, FTC audits, cardholder notifications, and restitution for impacted consumers can all be incurred as a result of a data breach. Level 1 compliance requirements, which can cost anywhere from $50,000 to $200,000 a year, must also be met by non-compliant entities.
Merchant License Loss
Business operations could be significantly impacted if non-compliance results in the loss of the license to process card transactions.
While PCI DSS certification In Indonesia is an investment, it significantly reduces the risk of data breaches and fines. With the right consultancy, you can ensure compliance within a reasonable budget.