PCI Compliance is an information security standard for organizations that handle branded credit cards from the major card providers. The standard was created to increase controls around cardholder data to reduce credit card fraud. The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that ALL companies that accept, process, store or transmit credit card information maintain a secure environment. As of today, 48 states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands have enacted legislation requiring private, governmental or educational entities to notify individuals of security breaches of information involving personally identifiable information.
PCI Compliance pushes 12 major requirements and 2 special requirement-annexures that are intended to strengthen the security of the cardholder information that the organization handles. For an organization to be PCI compliant, they need to adhere to all the conditions as outlined by the requirements, in terms of network security. Being compliant to PCI DSS is a daunting task, as is the mandatory process you have to undergo to prove your compliance through a PCI audit.
As payment and commerce continue to get more complex in nature, the regulations that are attached to them must get more complex as well. These rules and regulations were put in place to ensure the safety of not only the consumers, but the businesses involved as well. Understanding PCI DSS compliance can feel overwhelming for business decision makers, which is why you need to employ outside help. 2W Tech has a Cyber Security Compliance Program that is designed to support our Client’s compliance obligations. Most organizations must abide by and maintain a standard for controls that safeguard the confidentiality and privacy of information stored and processed. We work hand in hand with you to learn more about your required compliances, help obtain proper agreements, and access relevant system architecture information. Give us a call today to get started on your journey to achieving compliance.
7 Steps to a Holistic Security Strategy
Interested in reading this article? Click the button below to download this asset.