The latest in data privacy frameworks have come in the form of the EU US privacy shield. This framework has come about as a response to the EU General Data Protection Regulation (GDPR). The framework has been decided to meet the adequacy determination of the European commission, and now the transfer of personal data from the EU to the US can be made easier if US organizations choose to join the privacy shield framework.
Category: Compliance Standards
Staying informed about all of the cyber security compliance standards is essential to keeping your company safe from hackers. Read on to learn about the various steps you can take to stay up to date with your industry’s compliance standards.
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What is EU-US Privacy Shield and Why Does it Exist?
More customers are becoming aware of data privacy when engaging with businesses online. With data breaches on the increase, many customers face issues regarding the adequate protection of personal data, especially following the event of a data breach or cyberattack. In a report given by RAND corporation, it was found that 11 percent of customers would change organization, and 23 percent would give the existing organization less business. These realities have spawned an ecosystem of regulation and data privacy awareness.
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What Does it Mean to Be PCI DSS 4.0 Compliant?
Any company that uses and handles credit or debit payment information from consumers needs to comply with PCI DSS, short for Payment Card Industry Data Security Standard. These standards cover technical and operational practices for handling cardholder data. Maintaining payment security is becoming more and more crucial as cybercrime becomes increasingly prevalent in our world.
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What to Expect With PCI DSS 4.0: A Complete Guide
Any business or organization that accepts and/or processes credit and debit cardholder information should already be familiar with PCI DSS v. 3.2.1. Merchants are expected – and required – to meet this standard. This has been the case since 2018.
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Understanding PCI 4.0: A Comprehensive Guide
If you accept credit or debit cards at your business you are required to follow specific regulations. Known as the Payment Card Industry Data Security Standard (PCI DSS ) these regulations were created by Mastercard, Visa, American Express, Discover, and JCB International. The goal of being in compliance with the regulations is to protect credit and debit card information from fraud and data breaches.
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ADA Website Compliant Checklist
In recent years, lawmakers and regulators have been enacting an increasing number of local and global regulations that organizations need to adhere to in the wake of massive corporate scandals. At present, there are roughly 250 unique security frameworks used worldwide, which is suited to fit a wide variety of sectors and businesses.
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What Does Common Point of Purchase Mean For Your Business?
Criminals prey on ATMs, gas station pumps, merchant Point-of-Sale (POS) terminals and any other device that will provide them with the debit card information. Once they have the right information, they duplicate the cards and use them multiple times at the common point of purchase (CPP) to drain customers’ accounts.
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What GDPR Means for These Five Industries
The General Data Protection Regulation (GDPR) came into effect last year giving pressure to data brokers and tech firms to adequately protect, process and store customer information. Developed by the European Parliament and the Council of the European Union, the new EU data regulation laws threaten businesses with hefty fines of roughly 20 million euros or four percent of their turnover should they fail to adhere to the new legislation geared towards giving people more control over their personal information.
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How to Have Early Detection of a Common Point of Purchase
Do you own a business? If you do, it is probably associated with a CPP (Common Point of Purchase). This doesn’t mean that fraudulent purchases were made at your business, only that it was the target of a security breach. This could mean that your customers’ credit card information was compromised.
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How to Prepare For PCI DSS 4.0
Most merchants are aware the Payment Card Industry Data Security Standards (PCI DSS) requirements are changing and go into effect at the end of 2020. The majority of organizations understand that advancing technology means the standards need to be updated. However, the lack of information is making it difficult for them to prepare for the upcoming annual audit.