The Payment Card Industry Data Security Standard [PCI DSS] is the most widely accepted standard for protecting credit card data. The PCI DSS is a set of requirements that merchants and service providers who accept, process, store or transmit payment card data must follow to reduce their risk of being compromised by cyber criminals. It was designed by the major credit card companies in 2004 as a response to massive data breaches at dozens of major retailers and other businesses.
If you’re a business that handles credit card data, the Payment Card Industry Data Security Standard [PCI DSS] is a must-have. It’s one of the only ways to prove that your company has taken the necessary steps to protect customer data. But if your business isn’t yet certified, or if you’re considering getting certified but aren’t sure it’s worth the effort, here are some reasons why you should consider getting on board.
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The Payment Card Industry Data Security Standard [PCI DSS] is a set of security standards designed to protect cardholders' data. Any company that stores, processes, or transmits credit card information must be PCI DSS compliant. There are many benefits of PCI DSS certification, including improved data security, reduced fraud costs, and enhanced customer trust. PCI DSS compliance is also a requirement of many credit card companies and banks. If your company accepts credit cards, PCI DSS certification is an important step in ensuring the security of your customers' data.
Neumetric's PCI DSS Certification Process takes 7 - 9 months depending on the size of the organization.
Neumetric offers a wide range of Cyber security compliance and certification services that are not limited to PCI DSS Certification. The other services include ISO 27001 Certification, SOC 2 Report, ISO 27701 Compliance, HIPAA Compliance, NIST Compliance, CSA Star Compliance and CCPA Compliance. Â
Apart from these Neumetric also offers Technical Security Services such as Web and Mobile Application Vulnerability Assessment and Penetration Testing, Cloud and API Vulnerability Assessment and Penetration Testing, etc.Â
PCI DSS compliance assessment should be conducted annually.
The PCI DSS is a set of guidelines that helps companies adhere to cybersecurity standards in order to prevent data breaches. These standards are determined by the Payment Card Industry Security Standards Council [PCI SSC], and they're updated every three years.
As such, you'll need to perform an annual assessment of your compliance with these standards in order to ensure that you're doing everything possible to keep your customers' sensitive information safe.
The short answer is yes. If you're a merchant or payment processor, then you're required to have a PCI DSS-compliant security program in place.
If you do not follow these guidelines, you could be subject to fines and penalties. Additionally, if a security breach occurs in your business, then customers may not trust you with their sensitive financial information anymore.