Technical and Operational Standards
PCI compliance is an industry mandate and those without it can be fined for violating agreements and negligence. To help mitigate card payment fraud, the PCI Security Standards Council (PCI SSC) launched a set of requirements in 2006 to ensure all companies that process, store or transmit credit card information maintain a secure environment. The SSC provides a comprehensive framework, tools and support resources to help businesses safely accept payment card data.
Credit card fraud is on the rise and protecting your customer’s data is one of the most important responsibility of an organization, maintaining a trust relationship with the client is essential in growing your business and increasing the bottom line of your organization.
More than 108.6 million credit card transactions occur in the U.S. every day
PCI DSS applies to any company that handles cardholder information. Essentially, if you sell anything or accept donations by credit cards, you must comply with PCI DSS. Our experience has shown that the best approach in implementing PCI compliance is a phased one. We prioritize organizational controls, planning, leadership commitment, and basic infrastructure tools such as firewalls, anti-virus, password management, data storage and encryption, identity management, etc.
70% of people have at least one credit card
PCI Requirements
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Install and Maintain Firewall to Protect Cardholder Data
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Proper Password Protection
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Protect Cardholder Data
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Encrypt Transmitted Data
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Use and Maintain Antivirus Software
- Properly Updated Software
77% of U.S. merchant respondents said that their companies experienced some type of fraud over the course of being in business
Our experts will put in place the right policies and training methodology so your organization can have a greater chance of staying in compliance and avoiding data breaches. Having a knowledgeable technical partner who can help with auditing and putting the right compliance protocols in place will save time and money. Let us facilitate your implementation of the PCI requirements.
We offer a variety of services to help you achieve and maintain PCI compliance. This includes PCI gap assessments, annual AOC and SAQ assistance, along with cyber security program development and penetration testing for PCI compliant organizations. Our team of PCI consultants have hands-on experience implementing security programs designed to meet the PCI controls.
Key Points
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Companies that follow and achieve the Payment Card Industry Data Security Standards (PCI DSS) are considered to be PCI compliant.
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The PCI Security Standards Council is responsible for developing the PCI DSS.
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PCI DSS has 12 key requirements, 78 base requirements, and 400 test procedures to ensure that organizations are PCI compliant.
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Being PCI compliant reduces data breaches, protects the data of cardholders, avoids fines, and improves brand reputation.
- PCI compliance is not required by law but is considered mandatory through court precedent.
Benefits of PCI Compliance
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Constant maintenance and assessment of any gaps in security are also very important for avoiding the theft of sensitive cardholder information, such as social security and driver’s license numbers, whenever possible.
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Companies are required to provide compliance reports on a regular basis as part of their card processing agreements. Monitoring, assessments, and audits of Payment Card Industry Data Security Standards are all an important part of a company’s security department.
- All companies that process credit card information are required to maintain PCI compliance as directed by their card processing agreements. PCI compliance is the industry standard and business without it can result in substantial fines for agreement violations and negligence. Without PCI compliance, companies are also highly vulnerable to theft, fraud, and data breaches.
