Are You A Small Merchant Who Uses Credit Cards For His Billings? PCI – DSS (Payment Card Industry Data Security Standard) Is Considered Crucial For Securing Your Customer’s Credit Card Data.
The PCI – DSS or Payment Card Industry Data Security Standard is a set of information security protocols introduced in 2004 to secure credit and debit card against data theft and fraud.
If you are wondering whether PCI DSS has compliance enforced by law, the answer is that it is not required by US Federal law. However, several state laws refer to it, and there are equivalent laws. PCI – DSS compliance is required for businesses of all sizes by card brands such as Visa and Mastercard.
Noncompliance has both monetary and reputation downsides. In case of a breach, there are chances of multiple fines from payment card issuers, and chances of diminished sales. There might also be damage to reputation - a simple investment in PCI - DSS compliance will keep your transactions safe from malicious online actions and prevent such adverse outcomes.
Why do I need a PCI DSS Assessment?
To demonstrate PCI DSS compliance
To attain PCI DSS compliance, your business must maintain a cardholder data environment (CDE) which meets the specified standard. Our PCI DSS assessment assures that your systems complies with all six categories specified in the standard.
To maintain PCI DSS compliance
PCI DSS compliance is an ongoing effort as the standard requires regular testing to confirm that the safeguards are still sufficient. Our annual compliance assessment provides evidence that your business is actively functioning to maintain compliance.
To test security safeguards
It is a must to have security technology in place for PCI DSS compliance. The assessments done by us tests your systems to make sure that they are providing adequate protection for the payment data you process.
To maintain your brand reputation
Customers keep away from brands that have been breached. With a PCI DSS assessment you have the proof that your business values the protection of your customers and that you take security seriously.
To refine your incidence response plan
One of the important features of your planning must be routine testing of your security systems including those protecting payment data. Routine PCI DSS assessments helps to refine your incident response processes.
Requirements for PCI - DSS compliance
- Building and maintaining a secure network through proper firewall configuration is necessary.
- Encrypting all cardholder data when exposed to public networks is another requirement.
- Implementing an appropriate antivirus program is necessary.
- Ensuring that there is a vulnerability management program in place is needed.
- Regular Monitoring and testing of all networks to avoid any breaches need to be done
- Maintaining a security policy related to information is a must.
Most Notable Retail Data Breaches - Blogs from Cybersafe website
Magecart Stole Customers’ Credit Cards From Newegg Electronics Retailer
Magecart hacking group has stolen the credit card details of the popular computer hardware and consumer electronics retailer Newegg.
Tupperware website compromised with payment card skimmer
The website of Tupperware was breached by hackers and inserted malicious code on its website to collect payment card details from the users. The malicious code was in the Tupperware homepage for at least five days.
Wawa’s Card breach affects 30 million customers
The payment card details of more than 30 million Americans and over one million foreigners have been put up for sale on Joker’s Stash which is the internet’s largest carding fraud forum.
British Airways Hacked Compromising 380,000 Payment Cards
British Airways has confirmed a data breach which had affected around 380,000 customers and lasted for more than two weeks.
Cathay Pacific Suffers Biggest Airline Data Breach Ever
Cathay Pacific Airlines have suffered a major data breach where personal information of around 9.4 million passengers have been stolen.
Landry’s Restaurant Chain Suffers Payment Card Theft
Landry’s, a popular restaurant chain in the United States, has disclosed a malware attack on its point of sale (POS) systems that let attackers to steal customers’ payment card information.