Glossary of Compliance

Compliance Glossary

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

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

Blogs

From Automation to Intelligence: How AI Is Rewriting GRC

There’s so much noise, hype, and rapid movement surrounding AI in GRC that it’s easy to get lost in the headlines. That’s why we brought together two of the industry’s most respected security leaders—Diana Kelley, CISO at NOMA Security and former CTO at Microsoft, and SKI(Senthil Kumar Ayyapan), an award-winning GRC executive and CISO at…

Blogs Risk Management

Don’t Get Caught Off Guard: How to Calculate Your Recovery Time Objective?

Did you know that more than 72% of businesses are not equipped to fulfill their Recovery Time Objective (RTO) expectations? Incidents and disasters can occur at any time and derail businesses quite easily. And organizations must safeguard themselves against theft, power outages, corrupted hard drives and servers, ransomware, cyber attacks, and natural disasters. But how…

Blogs SOC 2

System & Organization Controls (SOC): Report Types, Audits & SaaS Impact

A recent report by Gartner showed that 60% of companies now evaluate cybersecurity risk before signing with a vendor. For SaaS startups, that changes everything. Especially when nearly 70% of VCs prefer to back companies with SOC 2 already in place. This means security and compliance are no longer checkbox items. They are qualifiers. SOC…

Sprinto: Your growth superpower

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

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