pci dss

Overview

The Payment Card Industry Data Security Standard (PCI DSS) is a set of standards meant to ensure that all firms that process, store, or transfer credit card data do so safely. It was founded on September 7, 2006, with the mission of maintaining PCI security standards and improving account security throughout the transaction process.

 

PCI DSS covers various aspects like – 

  1. Data storage and program execution are kept separate.
  2. Data handling by your computer system.
  3. Preventing data theft by employees.
  4. Disposal of hard discs. 5. Tracking of Human access to hardware. 6.Preventing internet-based intrusions.

Do you need PCI DSS Audit?

Any employer that performs a function in processing credit and debit card payments must comply with the strict PCI DSS compliance requirements for the processing, storage and transmission of account data.

 

You would possibly need a formal evaluation if any of the following apply:

 

  • You are a Level 1 service provider processing massive volumes of transactions yearly (more than six million) with Mastercard or Visa.
  • You are a service provider processing giant volumes of transactions yearly (more than one million) with Mastercard and you do not have a PCI DSS-trained internal assessor on staff.
  • You are a service provider that has been breached in the past or otherwise deemed to characterize notable risk.
  • You are a service provider to merchants that can have an effect on the security of their payment transactions and you have access to giant volumes of transactions annually.

Benefits of PCI DSS

By conducting a PCI DSS threat assessment, you can assist your business enterprise to:

 

  • Identify and apprehend the viable threats to its CDE.
  • Identify the presence of cardholder information that is no longer required for your commercial enterprise to operate optimally.
  • Determine how to phase environments to isolate confidential networks (CDE) from non-sensitive networks.
  • Provide your enterprise with the perception into altering environments and ongoing discovery of rising threats and vulnerabilities.
  • Assist it to become aware of where mitigation controls required to tighten.