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The Cyber Security Breaches Survey 2017 reveals nearly 7 in 10 large businesses identified a breach or attack, with the average cost to large businesses of all breaches over the period being £20,000 and even worse in some cases reaching millions.
The standard insists on tight controls surrounding storage, transmission and processing of cardholder data handled by businesses.
Every provider does have their own variations on the standard, so it is important to check with them and work to their particular publicised information.