As a founder of a business that processes online transactions, PCI compliance is mandatory, irrespective of the size and type of your organization. Compliance must be maintained year-round and validated annually, as required by credit card companies and outlined in network agreements. The PCI Standards Council (SSC) develops and maintains these standards to secure payment…
If you accept debit or credit cards, you must achieve and maintain PCI Security Standards Council compliance. Any service provider that has the potential to affect the payment security of card transactions is also subject to Payment Card Industry Data Security Standard (PCI DSS). The PCI report is a cornerstone of this effort, providing an…
Maintaining a secure environment has become the top priority with the increasing volume of malicious attacks on business processing user card data. The (Payment Card Industry Data Security Standards) PCI DSS compliance, though not legally mandated, is a globally accepted security standard for businesses processing transactions either in physical or digital form. This article focuses…
Payment Card Industry Data Security Standards or PCI-DSS requires organizations to encrypt credit card information stored in their database while ensuring data remains secure when shared outside the company. For all organizations that process, transmit, or store payment and credit card data information, as established by the Payment Card Industry’s (PCI) Data Security Standards (DSS),…
Willie Sutton, the infamous twentieth-century U.S. criminal, was allegedly known to rob banks because “that’s where the money is.” In this digital age, organizations are exposed to financial fraud due to their lax security- leaving sensitive consumer data stolen and misused. To protect against this, PCI DSS (Payment Card Industry Data Security Standard) was set…
The Payment Card Industry Data Security Standards (PCI DSS) is a compliance framework that mandates organizations to protect sensitive cardholder information from security threats. Every organization that processes even one card transaction in a year needs to follow PCI security standards. As an organization going through the PCI DSS compliance journey, you must have the…