What is PCI DSS?
Payment Card Industry Data Security Standard (PCIDSS) is the standard that developed by Payment Card industry Security Standards Council (PCISSC) to optimize the security related to payment card. PCISSC was found by a group of payment brands such as American Express, Discover Financial Services, JCB International, MASTERCARD, and VISA Inc. in 2006. The Council is responsible to maintain, evolve, and promote the Payment Card Industry Security Standards to make sure the public can perform any card payment transaction under a safe and secured environment.
Important of PCI DSS?
Business owners should be responsible in protecting the customers’ confidential data that given to ease any business process. By having PCIDSS, it create a boost that contribute to the business growth. For example, trust between business owners and the customers can be built easily when the customers are acknowledged that their confidential data is processed with the compliance of PCIDSS. As the security during card payment transactions are enhanced, customers are able to carry out any transactions without worried about the leakage of those private data that needed for the transactions. In addition, number of customers will increased as they are confidence with the security provided for the payment card transaction.
In order to get PCIDSS certified, business owners need to consult the PCI Qualified Security Assessors (QSA) to get better understanding about PCIDSS. With the help of PCI QSA, business owners will get to know what they can do in hardening the security of payment card transaction process. Besides that, PCIDSS changes over time to enhance the security of payment card industry. Business owners should update their system to comply with the latest PCIDSS as this is one of the ways to keep their system secured from latest attack.
PCIDSS also helps to limit the cost needed when data breaches happened. For example, lots of lawsuits and penalties can be avoided when the business is comply with the standard. On the other hand, reputation will be decreased significantly if it is found that standard is not complied when this kind of incident happen. Furthermore, business will be affected due to the decrease of the sales as customers no longer trust the security of the organization. The condition will become worse as the business owners need to be responsible in clearing the penalties that received from the authorities.
Solution
According to Quick Service Restaurant (QSR) Magazine, most of the organizations never fully recovered from data breaches as the loss is greater than data itself. To prevent the data breaches from happening and provide a high level of security for the card payment process, keep the system and the antivirus updated regularly is one of the solutions. Also, business owners should keep their network monitored to find out any suspicious traffic and apply solution for the problem. To find out more about PCIDSS and the ways to safeguard the business’s interest, do not hesitate to contact us for an arrangement to meet our PCI QSA.
