Credit card information is critical information that must be carefully protected. As stated in the PCI Compliance Guide: “the Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that ALL companies that accept, process, store or transmit credit card information maintain a secure environment.”
The regulations were designed to reduce credit card fraud by increasing the controls around cardholder data. For the PCI DSS, there are 12 requirements for compliance organized into these six control objectives:
The credit card brands mandate PCI standards and the Payment Card Industry Security Standards Council manages it. All companies that accept, process, store, or transmit credit card information must follow the PCI DSS. There are different levels of compliance based on how many cards are processed per year and each card issuer has its own requirements for compliance levels. The four levels are:
These companies must also undergo compliance validation to confirm the proper security controls and procedures are in place. The PCI DSS validation testing also serves as a compliance validation assessment. Ensuring your company is PCI DSS compliant is important for security awareness.
PCI DSS regulations are imperative for organizations that process, store, and transmit credit card information. Threats against data security are constantly evolving, so the requirements are also ever changing. Due to the continuous updates, it can be very difficult to maintain a compliant security program. In many cases, it is best to work with a security assessor to maintain PCI compliance.
Thrive security can ensure your organization meets all the critical PCI DSS compliance requirements. We monitor and manage security services 24/7 using advanced techniques and technology. Our experts learn the full demands of your situation and build personalized information security programs to always keep you compliant with regulations. Our experienced team will also provide support to remedy your information security if you are already in trouble. To learn more about how Thrive will help you stay PCI DSS compliant and guide your IT security-related decisions, visit our website or give us a call at (317) 974-0382.