How to Ensure PCI DSS Compliance – Part 2

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PCI compliance is becoming an everyday concern for those businesses apprehensive about vulnerabilities in the consumer payment card transactions processes.In today's card-centric business millions of …

PCI compliance is becoming an everyday concern for those businesses apprehensive about vulnerabilities in the consumer payment card transactions processes.In today's card-centric business millions of consumers and businesses utilize various types of payment cards to complete billions of retail purchases and transactions both direct and indirect such as across-counter transactions, on the web, through the mail or over the phone.

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  • 1. How to Ensure PCI DSS Compliance – Part 2PCI compliance is becoming an everyday concern for those businesses apprehensive about vulnerabilities in theconsumer payment card transactions processes. In todays card-centric business millions of consumers andbusinesses utilize various types of payment cards to complete billions of retail purchases and transactions bothdirect and indirect such as across-counter transactions, on the web, through the mail or over the phone. To havethe right to process payment card transactions, it is essential for retail organizations to comply with the PaymentCard Industry Councils Data Security Standards (PCI DSS). PCI DSS requires organizations to protect cardholdersaccount information throughout the transaction lifecycle, from the point of sale, data transfer and storage ofaccount information.Organizations can safeguard important customer information as well as payment card details, as reducing thenumber of security breaches and protecting the card brands is the main aim of PCI. PCI protects against thenegative publicity associated with a data breach and guarantees customer confidence in the use of payment cards.To be PCI Compliant, companies need to adhere to certain requirements when processing cardholder data.To be PCI compliant at all times, businesses can purchase sophisticated security equipment, configure it tominimize the risk and implement a host of policies and protocols to comply with the latest data security standards.While PCI compliance requirements continue to evolve, they become more confusing to people who are not in theindustry. To make sure your business is compliant, you may start by hiring a qualified security assessor to consultwith you and assess your situation and recommend the right solution. The solution must build and maintain asecure network, protect cardholder data, maintain a vulnerability management program, implement strong accesscontrol measures, and regularly monitor and test networks.When making a purchasing decision aimed at PCI DSS compliance look for comprehensive solutions that: Provide access to data repositories and applications that can be governed inside of the network perimeter Can provide enforcement of policies and monitoring of user activities for reporting. Is quick and simple to deploy and manage Has high transaction processing capabilities so that enterprise-level throughput can be supported Is flexible and scalable so that changing business priorities and access policies can quickly and easily be implemented Is cost-effective so that PCI DSS compliance initiatives can be completed within or under budget.A good PCI DSS Compliance solution will support a growing number of regulatory requirements and will alsocontinuously enforce policies consistent with that regulatory requirement. Choose a solution that is capable ofautomated monitoring for security vulnerabilities, mapping of security controls for assessing conformance andgaps, and initiating remediation actions for successfully meeting Compliance requirements.Read more on - IT Compliance, IT Security and compliance, Vendor Management