Thursday, September 20th, 2012
Sydney, Australia – September 19, 2012 – Recent data from the Ponemon Institute suggests that the average cost of a data breach to Australian companies is about $2.16 million per incident. Based on last month’s compromise where half a million credit card numbers from Australians were stolen and hackers racked up $25 million in fraudulent transactions it’s no longer a case of “can we afford to be PCI compliant”, its “we cannot afford not to be compliant”. Sydney-based IP Solutions International is a leading provider of PCI DSS-compliant solutions and they are taking this message to the upcoming 2012 PCI DSS Compliance Conference in Sydney.

The annual PCI DSS Compliance Conference, now in its fourth year, is designed to encourage merchants, security specialists, and PCI compliance professionals from across Australia to share insights and practical information regarding their efforts to achieve PCI Data Security Standards (DSS) compliance. It’s an important event for all organisations that process large volumes of credit card payments that need to be PCI compliant.

Michael Donoghue, Director of Corporate Payment Solutions for IP Solutions, explains that PCI DSS is becoming increasingly sophisticated and complex, yet offers critical protections for sensitive cardholder data. “In recent years, notorious data security breaches and the increasing sophistication of hackers have led companies to scrutinise the ways in which they store and protect customer information,” says Mr. Donoghue. “Australian companies are now targets, just like the rest of the world and we have to be scrupulous in understanding and adhering to the PCI DSS.”

According to Eric Maya, Director of Sales and Marketing, “The PCI DSS Compliance journey can be an onerous and challenging one—the biggest issues often faced are working with legacy systems and the ongoing maintenance of PCI compliance.”

IP Solutions has attended and sponsored the PCI DSS Compliance Conference for the past three years. “Given the importance of the PCI DSS Compliance Conference, sponsoring the event is a logical extension of our efforts to expand the depth and breadth of understanding within the Australia marketplace. Organisations can no longer sit on the fence because the criminals are now in our own backyard,” explains Mr Maya.

This year’s PCI DSS Compliance Conference will be held on Monday, September 24 in the Pullman (formerly Sydney Marriott Sydney) Hyde Park. Sessions will cover the scope and impact of PCI compliance, organisational strategies for dealing with sensitive information, recent PCI developments, and related topics. Attendees will also be able to participate in a question-and-answer session with a panel of PCI DSS compliance experts.

Additional information about the PCI DSS Compliance Conference is available at

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