End-to-End Encryption: What’s Next?

While end to end encryption solutions like VeriShield Protect are valuable tools for retailers looking to protect their customers’ cardholder data, even more benefits are on the horizon.

The PCI Security Standards Council has engaged PricewaterhouseCoopers to conduct a study of new payment security technologies on securing cardholder data and achieving PCI DSS compliance.

The study, currently underway, is expected to recommend that if a true, secure end to end encryption scheme is implemented, many of the PCI DSS requirements would be met.

George Peabody of the Mercator Group estimates that retailers will save 80% of their on-going compliance costs and 75% of their PCI DSS audit costs by implementing a true end to end encryption solution like VeriShield Protect. In his analysis, that would translate to between $262,500 and $1,750,000 in annual savings to a retailer.