Glossary of Compliance

Compliance Glossary

Our list of curated compliance glossary offers everything you to know about compliance in one place.

Glossary » PCI DSS » PCI Validation

PCI Validation

PCI Validation is a part of handling cardholder data. You might be a small startup or a big company, but you need to follow the PCI DSS as part of your contract. However, it’s not a one-time thing; you must stay compliant and validate it yearly.

Hence, to validate your PCI compliance, you must keep your security measures current and follow the 12 requirements mandated by PCI DSS. 

Drawbacks of not being PCI-validated

Not following PCI compliance when dealing with credit card transactions can lead to serious consequences. It’s not just about the risk of a data breach; there are other consequences too.

  • You might face fines and penalties for not complying with PCI standards. These fines can start at $5,000  and move upwards to $500,000.
  • Non-compliance can result in banks and payment companies refusing to do business with you. This means you could lose out on sales, and your business reputation might suffer.
  • If there’s a breach and cardholder information is compromised, you must notify all the affected individuals in writing. This adds to the hassle and potential damage to your brand’s image. 

Additional reading

ISO 27001 Checklist: 13 Easy Steps To Get Started

TL;DR An ISO 27001 checklist provides a structured roadmap to implement an Information Security Management System (ISMS) and prepare for certification. Key steps include forming an internal security team, defining ISMS scope, conducting risk assessments, implementing Annex A controls, and maintaining required documentation. The process also involves internal audits, external certification audits (Stage 1 &…

The Case for Automating Your Vendor Risk Management Program

Vendors are no longer just service providers. They are part of your business’s operations. And with every new vendor, you’re adding more capability, but not without risk. Third-party risk impacts every layer of your business. It goes beyond compliance to cover customer trust, time-to-market, business continuity, and legal liability.  Here’s how the drill usually goes:…

ISO 27001 Risk Management Policy – Steps to Get Started

TL,DR: The ISO 27001 risk management policy is a mandatory document outlining how an organization identifies and manages risks, defining risk appetite and preparing for various threat types within the ISMS Key ISO 27001 clauses covering risk management include Clause 6.1.2 (establishing risk assessment processes), Clause 6.1.3 (selecting appropriate risk treatment options), and Clause 8.2…

Sprinto: Your growth superpower

Use Sprinto to centralize security compliance management – so nothing
gets in the way of your moving up and winning big.

Contact sales