SOURCE: StillSecure

StillSecure

July 06, 2011 08:00 ET

StillSecure Releases New PCI Compliance Cost Calculator for Level 1-4 Retailers

StillSecure Financial Analysis Helps Organizations Reduce the Costs, Complexities Associated With PCI Compliance

SUPERIOR, CO--(Marketwire - Jul 6, 2011) - StillSecure®, a managed network security solutions and certified compliance company, today introduced the StillSecure PCI Calculator, a free online tool designed to help Level 1 though 4 retailers examine, and potentially significantly reduce, the costs and complexities associated with PCI compliance. The PCI Calculator is available immediately at StillSecure PCI Calculator.

Last week, Gartner issued its Retail Security & Compliance survey 2011, which examined security processes used by organizations subject to PCI, including current level of PCI compliance, spending on PCI compliance, and security threats. Among the key findings, the survey revealed that the costs associated with PCI security and compliance for merchants -- excluding the cost of assessors -- is an average of $1.7 million over 2.35 years. Over the same time period, Level 1 retailers spent an average of $2.1 million on PCI compliance, with Level 2-4 retailers spending an average of $1.1 million.

Using StillSecure's PCI Complete security solution, Level 1 merchants would save approximately $750,000 by utilizing StillSecure's solution, and Levels 2-4 would save over $400,000 over the same period.

"Gartner's Retail Security & Compliance Survey 2011 data clearly shows that organizations are spending significant amounts to become PCI compliant," said Avivah Litan, VP Distinguished Analyst, Gartner, Inc. "The data further shows that it's not easy to become compliant and many retailers may be overwhelmed with the complex and numerous steps involved in the process. In fact, security breaches are common. Our assessment underscores the importance of exploring all available options for compliance and security."

The Gartner report also tracked overall PCI compliance investments and PCI-related security risks. While 28 percent of respondents believed that their organization had to spend too much money to comply with PCI standards, 43 percent of respondents had experienced at least one type of security incident.

To address these concerns, StillSecure currently provides organizations with a fully managed and auditor-approved security solution that delivers complete PCI compliance. PCI Complete is an all-in-one solution that reduces the costs associated with integration of various infrastructures while delivering the most scalable and flexible security solutions on the market.

"StillSecure has been intensely focused on helping organizations achieve PCI compliance through our fully managed, independently approved solution, PCI Complete," said Rajat Bhargava, CEO of StillSecure. "These solutions are certified by one of the world's most stringent qualified security assessors (QSAs) and include PCI monitoring, scanning, as well as reporting and evidence creation capabilities that will save organizations as much as 30 to 50 percent on PCI compliance and auditing. Our PCI Calculator allows organizations to compare their current PCI compliance expenditures with other merchants of similar size, while also informing them on steps to reduce the costs of compliance."

"We understand the value and importance of providing each customer with the highest level of security, reliability and business continuity," said Monty Blight, Vice President of Product Management for Peak 10. "By adding StillSecure's PCI Complete solution to our existing infrastructure and technology expertise, we are able to help merchants and retailers effectively tackle the complexities around PCI compliance. Our customers can rest assured that both their systems and data are protected by multiple levels of security."

About StillSecure
For IT executives facing escalating security threats and evolving compliance requirements, and data centers looking to cement long-term customer relationships, StillSecure designs and delivers managed network security and certified compliance solutions so you can focus on growing your core business.

As opposed to vendors with uncertified partial fixes, or worse, self-audited solutions, StillSecure unites our security experts with our certified processes and innovative technologies to provide holistic solutions that eliminate the need for dedicated resources juggling multiple vendors, products and requirements.

For more information please call (303) 381-3830, visit http://www.stillsecure.com, or check out more on the StillSecure blog at http://www.thesecuritysamurai.com.

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