The poll, which was commissioned by IP Payments and conducted in December 2011, found that out of 150 financial industry respondents in Australia, 77 per cent had not heard of PCI compliance.

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In addition, 13 per cent of those surveyed in Australia knew of a business that had suffered a credit card data breach and a further 4 per cent admitted to suffering a breach themselves.

Of the 150 respondents, 63 per cent were from businesses that turned over $100 million or more each financial year.