PCI-DSS Payment Card Industry Data Security Standard
PCI-DSS Payment Card Industry Data Security Standard
Payment Security Standards are operational and technical requirements set by the Payment Card Industry Security Standards Council to protect cardholder data. The focus of this standard relates to the 12 controls for data centres, whether they are facilities, telecommunication, or banking, to provide clients with a level of assurance on conformity to PCI-DSS requirements. The 12 controls can be subject to a defined scope and the output is a Compliance and Attestation of Compliance (RoC/AoC) Report.
What is PCI-DSS?
PCI-DSS stands is a global are operational and technical requirements set by the Payment Card Industry Security Standards to protect cardholder data and ensure that all entities that store, process, or transmit credit card information maintain a secure environment.
The standard administrates all merchants and organisations globally that store, process or transmit cardholder data with new requirements for manufacturers and software developers of applications and devices used in these transactions. Conformity to the PCI-DSS set of standards is mandatory for their respective stakeholders.
Compliance to PCI-DSS through a Report Of Compliance (ROC) or Compliance Attestation ensures the security of your organisation’s card data through a set of requirements has been met. These include the following:
- Encrypt transmission.
- Vendor defaults.
- Firewall configuration.
- Protect against malware, secure systems and applications, and restrict access to data.
- Authenticate access.
- Physical access controls.
- Logging and monitoring.
- Testing security systems.
- Security policies.
Why does an Organisation need PCI-DSS?
The Payment Card Industry Data Security Standard applies to any business that stores, processes, and transmits cardholder data. If your organisation processes or accepts payments with cards, you should comply with PCI-DSS.
This standard is mandatory for merchants and organisations that accept debit or credit card payments for goods and/or services. It also includes organisations and merchants that sub-contract their payment card processing to a third party, as well as organisations that manage and process such payments as a third party.
PCI-DSS compliance is considered the best way to safeguard sensitive information and data, which helps organisations to build long-lasting and trusting relationships with their customers.
The Payment Card Industry Data Security Standard (PCI-DSS) provides steps that merchants must follow to provide secure transactions for their customers.
What are the Benefits of Implementing PCI-DSS?
Benefits of PCI-DSS:
- The PCI-DSS assists merchants, organisations, and financial institutions to implement and understand the standards for security policies, technologies, and ongoing processes that protect their payment systems from breaches and theft of cardholder data.
- Provides guidance on actions organisations can take to protect data.
- Applicable to organisations of any size or type that use any method of storing or processing payment card data.
- Helps to build customer trust.
- Protects organisations against data breaches and card fraud.
- Avoids fines and penalties.
- Helps meet other regulatory or contractual requirements (obligations).
How do I implement PCI-DSS in an organisation?
ISO Consulting & Implementation:
We have a range of professional consultants, engineers, and registered auditors to assist in implementing and maintaining your ISO management system. Our industry expertise includes services, telecommunication, manufacturing, construction, engineering services, fast-moving consumer goods, mining, power generation, state owned companies, and government-run organisations. Each of our consultants takes the time to truly understand the processes of your organisation, which will enable them to implement ISO requirements accordingly and effectively. Hiring a consultant and the time spent to implement your ISO management system will pay off in the long run.
WWISE has a 4-Phase Approach:
- Phase 1: Gap Analysis Audit and Information Gathering
- Phase 2: ISO Documentation, Risk Assessment, and Process Mapping
- Phase 3: Implementation and Training
- Phase 4: Certification
At WWISE we provide a fully inclusive solution that includes full turnkey, awareness training, classroom and online training, and mentorship. As a consulting firm, we do not provide certification services. However, we will guide you through the certification process and ensure that your business becomes certified.
Why Choose WWISE to Assist your Organisation:
Certification Process:
An organisation can get certified to a requirement standard. You can implement the standard and get certified by a third-party.
