Compliance with the Payment Card Industry’s (PCI) Data Security Standards (DSS) requires annual reporting. This annual compliance reporting involves extensive PCI DSS audit procedures for organizations that handle the highest transaction volumes. The audit procedures are conducted during the completion of an on-site assessment known as a Report on Compliance (ROC).
Per a study from TSYS, 80 percent of US consumers prefer credit or debit card payments over cash and other options. So, if your organization doesn’t process card payments, you potentially inconvenience four out of five prospective customers—which, at scale, isn’t beneficial.
Is your organization ready to comply with the Payment Card Industry (PCI) Data Security Standard (DSS) framework? If you process or store credit card data, you’ll need to be.
Nearly all companies that collect, store, process, or transmit credit card data must comply with the Payment Card Industry (PCI) Data Security Standard (DSS).
A company’s cybersecurity infrastructure must often meet industry-specific regulatory compliance requirements. While many compliance frameworks apply only to specific sectors, some span broader cross-sections of the market at large.
Completing your PCI compliance questionnaire marks a necessary step in your efforts to demonstrate adherence to regulations overseeing credit card payments. According to the Payment Card Industry’s (PCI) Data Security Standards (DSS), businesses that process fewer than 6 million transactions annually must fill out and submit their yearly Self-Assessment Questionnaire (SAQ).
Passwords provide a universal method for enforcing basic authentication and access security with various IT security systems, applications, data, and other resources. The Payment Card Industry’s (PCI) regulations require that sensitive cardholder data be password protected by organizations that store, process, or transmit such information.
Sufficient encryption complexities remain a compliance necessity for nearly all companies that store, process, or transmit credit card data and payment information. These encryption regulations are established by the Payment Card Industry’s (PCI) Data Security Standards (DSS).
Companies that store, process, or transmit credit card data must comply with the Payment Card Industry (PCI) Data Security Standards (DSS). However, implementing the required controls and reporting on them per PCI protocols can be difficult to manage internally, and some companies require external validation.