The PCI Security Standards Council established and enforces the Payment Card Industry Data Security Standard (PCI-DSS). Non-compliance can lead to sizable monetary fines or getting your ability to process credit card payments revoked.
To meet the standards, businesses must undergo a thorough assessment by a qualified scanning vendor, complete an Attestation of Compliance and have a policy on information security.
Implementation
PCI compliance services is a requirement that all businesses that accept credit card payments must comply with. It is a set of standards enforced by major credit card companies to protect their customers from fraud and data breaches. Businesses that don’t comply risk fines or losing their merchant status which could limit their ability to process credit cards.
Achieving compliance takes a lot of work for all involved. It involves updating systems and creating security policies. For example, a business needs to replace default system passwords and install software products that log all activity in relation to cardholder data.
Monitoring
Complying with PCI standards may seem like a daunting task, and the maze of requirements can be confusing. But it is possible to reduce the risk of data breaches and fraud using an expert partner.
A good start is an asset discovery scan with built-in vulnerability detection and monitoring. All activities involving cardholder data or primary account numbers (PAN) must be documented. A daily review of these logs is required to spot deviating errors or suspicious activity and trigger alerts that notify administrators of anomalies. To help with this, security information and event management tools can monitor system and network activities and detect events based on predetermined criteria.
Training
PCI compliance requires employees to be trained in how to protect credit card information and follow company policies. These policies should help employees avoid internal risks like security breaches, fraud and loss of proprietary data. Training also helps to promote a security-conscious culture in your business.
There are different ways to carry out PCI awareness training. One option is to conduct a training session that involves a lecture and slideshow presentation that explains the Payment Card Industry Data Security Standard (PCI DSS) in detail. However, users are unlikely to stay engaged for the entire training session and may quickly forget what they’ve learned.
Remediation
Having the proper PCI compliance services in place ensures that all processes are following the correct steps to protect sensitive information. It also allows companies to streamline their operations, making them more efficient.
This includes limiting access to cardholder data and implementing security measures that will keep sensitive information out of reach. It also requires a company to test its system for vulnerabilities and fix any problems that arise. This may include internal network vulnerability scanning, penetration testing, and ASV scanning.