What is PCI DSS Compliance

1. What is PCI DSS Compliance? The Payment Card Industry Data Security Standard (PCI DSS) is a set of rules aimed at ensuring that all companies that process, transmit, or store credit card information maintain a secure environment. Launched on 7th September 2006, PCI DSS aims to manage PCI security standards and improve account security during the transaction process. An independent body created by American Express, MasterCard, Visa, Discover, and JCB, the manages and administers the PCI DSS. On an interesting note, the acquirer and payment brands are responsible for enforcing compliance, rather than the PCI SSC. Complying with PCI security standards seems like a difficult task, at least. The maze of standards and issues is too much for large businesses and organizations to handle, let alone small companies. Still, compliance is becoming more crucial and it may not be as troublesome as you believe, especially if you have the right equipment. According to the PCI SSC, compliance has major advantages, especially considering that failure to comply can have long-term and serious consequences. For example.

2. PCI compliance assures that your systems and networks are secure, and your customers can trust you with their sensitive payment card information; Trust leads to the confidence of customers and repeat of past customers. PCI compliance improves your reputation with acquaintances and payment brands - the only partners your business needs. PCI compliance is an on-going process that helps prevent current and future security breaches and payment card data theft; PCI compliance means you are contributing towards a global payment card data security solution. When you strive to meet PCI compliance, you are better prepared to comply with additional regulations including SOX, HIPAA, and others. PCI compliance contributes towards the strategies of corporate security (even if only a starting point). PCI compliance is expected to improve IT infrastructure efficiency. DIFFICULTIES POSED BY PCI NON-COMPLIANCE PCI SSC also points to the potentially disastrous consequences of failing to meet PCI compliance. After you've built your brand and worked to protect customers, don't take a chance with their sensitive information. By meeting PCI compliance, you are protecting your customers so that they can remain your customers. Possible consequences of PCI non-compliance include: Compromised data that negatively affects merchants, customers, and financial institutions. Seriously harming your reputation and your ability to conduct business effectively, not only today but in the future as well. Account data breaches can result in catastrophic loss of sales, relationships, and community status; also, public companies often see a drop in share prices as a result of account data breaches.

3. Lawsuits, cancelled accounts, insurance claims, government fines, and payment card issuer fines. PCI compliance, along with other regulatory requirements, can pose challenges for organizations that are unprepared to protect critical information. But, protecting data is a far more manageable task with the right software and services. Choose data loss prevention software that accurately categorizes data and uses it appropriately so that you can rest more easily knowing that your cardholder data is secure. Looking for reliable and best PCI DSS Consultants? Are you looking for the best and most reliable PCI DSS consultants? If yes you are certainly at the right place. GIS consulting is India’s leading cyber security companies provides advanced network defense, and disaster recovery professionals. Address: Plot No. 144, 3rd Floor, Pocket-11, Sector – 24, Rohini, New Delhi, Delhi 110085 Mail: info@gisconsulting.in Tel: 1800212676767 Website - https://gisconsulting.in/