Below is a preview of one of the articles in the new KROST Quarterly Hospitality Issue, "Risky Business: Safeguarding Your most Valuable Assets" by Steve Chhuor, Manager - Assurance & Advisory.
"Most businesses understand that accepting card payments is an option that attracts customers who need a quick and easy payment option. The shift of payments from cash to card is a trend many businesses are accepting as the norm. In fact, some businesses have moved towards a cashless model and only accept credit cards. However, credit cards also expose businesses and cardholders to cybersecurity risks, as credit cards hold a wealth of valuable financial information. So how are businesses protecting cardholder data from falling into the wrong hands?
What is PCI?
As part of an effort to protect cardholder data, the Payment Card Industry Security Standards Council (PCI) was founded by American Express, Discover, JCB International, Mastercard, and Visa. PCI created the PCI Data Security Standards (PCI DSS), which is a set of security standards designed to assist businesses that..."
Click below to read more on PCI and the Hospitality Industry
Enjoy this and other exclusive content from KROST.
KROST Quarterly is a digital publication that highlights some of the hot topics in the accounting and finance industry. Volume 2, Issue 2 covers hospitality trends and news including California sales tax compliance, employee theft, data breaches, Wage Order 7, trends in restaurant technology, and more.