Muffins&More, a company established in 1945, sells muffins,…
Questions
Muffins&Mоre, а cоmpаny estаblished in 1945, sells muffins, danishes, crоissants, and breads. Until 2020, Muffins&More accepted only cash as payment. In 2020, Muffins&More decided to take online orders and allow customers to pay with credit cards. Along with this decision to take credit cards, Muffins&More joined the self-regulatory system known as PCI DSS. In the company’s new website, Muffins&More informed its customers that the company adhered to the security standard required by PCI DSS. By the beginning of 2021, Muffins&More had failed to develop a plan to address the security of the financial information that the company collected on its customers. What potential sanctions is Muffins&More facing?