Stay up-to-date with PCI DSS compliance. Explore in-depth guides, implementation steps, and best practices to safeguard payment data and meet regulatory standards.
PCI Compliance for credit card processing is the responsibility of all organizations in the payments industry. The primary objective of these regulations is to ensure the security of credit card transactions from cybercriminals.
PCI vulnerability scan requirements are not difficult to understand with expert guidance. The primary focus of this government regulation is information security. It locates vulnerabilities and gaps within a company’s digital architecture.
Consumers’ financial data is a valuable target for cybercrime. As such, compliance with the Payment Card Industry (PCI) regulatory frameworks, like the PCI Data Security Standard (PCI DSS) and Payment Application Data Security Standard (PA DSS), is required for most companies that process credit card payments. But what happens for companies who don’t comply? And who enforces PCI compliance penalties?
If your company processes credit and other card-based financial transactions, you need to abide by the Payment Card Industry (PCI)’s Data Security Standards (DSS), published by the Security Standards Council (SSC). Neglecting these frameworks can result in severe consequences for your business.
The Security Standards Council (SSC) of the Payment Card Industry (PCI) has developed many frameworks to protect companies from cybercrime targeting consumers’ credit and debit cards. Among the most widespread of these frameworks is the PCI Data Security Standard, or PCI DSS, which protects nearly all consumer card data processed, stored, transmitted, or otherwise contacted by businesses. It brings us to the question: what data falls under PCI compliance, exactly, and which companies need to comply with PCI’s security standards?
Credit cards make the digital world go round. These days, businesses need to process credit card payments to maximize their consumer base and make purchasing as easy as possible for clients. But credit cards and related records are incredibly vulnerable to cybersecurity attacks. So, it’s important for all C-level executives in the information suite of your company to know what the new PCI Requirement 4.0 will entail.
All businesses that process payments via credit card face a certain amount of risk with every transaction. On one level, fraudulent payments are always a concern. But on another, cardholder information is extremely valuable, and cybercriminals who target it can impact your clients and business. To keep your customers safe and avoid the potential consequences of noncompliance, it’s important to know what the PCI DSS 4.0 draft is.
Practically every business must fear—or at least be wary of—the threat of cyberattacks. This is especially true for businesses that process, transmit, or store payment data. It’s very likely that your business performs one of if not all three of those actions. If that’s the case, then you’re required to follow the Payment Card Industry Data Security Standard (PCI-DSS). Additionally, it’s strongly encouraged that you conduct biannual PCI network segmentation testing.
It’s surprising how many businesses ask this question. Sometimes the cost of meeting compliance regulation seems to outweigh the risks. There are fees associated with not meeting the payment card industry (PCI) compliance regulations, but are these fines comparable to the cost of implementing the required cybersecurity protocols?
If your company processes payments using credit cards, you’re required to maintain compliance with standards set out by the Payment Card Industry (PCI) Security Standards Council (SSC).