Cyber Security PCI DSS Compliance
The Payment Card Industry Data Security Standard (PCI DSS) is a global standard mandated by the leading service providers including VISA & MasterCard to reduce the risk of a data breach. All Australian businesses who accept credit and debit card payments should comply with the PCI DSS.
The twelve (12) PCI DSS requirements are as follows:
- Install and maintain a firewall configuration to protect cardholder data
- Do not use vendor-supplied defaults for system passwords and other security parameters
- Protect stored cardholder data
- Encrypt transmission of cardholder data across open public networks
- Use and regularly update anti-virus software or programs
- Develop and maintain secure systems and applications
- Restrict access to cardholder data by business need-to know
- Assign a unique ID to each person with computer access
- Restrict physical access to cardholder data
- Track and monitor all access to network resources and cardholder data
- Regularly test security systems and processes
- Maintain a policy that addresses information security for employees and contractors
Merchants that do not complying with PCI DSS requirements may be subject to significant fines and penalties, increased transaction processing fees and / or expulsion from card programs.
In the event of a payment card data breach, a merchant can be fined in excess of $500,000 and may also be subject to a significant processing fee increase amounting to millions of dollars, depending on transaction volumes.
PCI DSS compliance requires a long list of security measures like vulnerability management, encryption measures, and regularly tracking systems for risks. These requirements will help your business proactively strengthen security controls, so a data breach is less likely to happen.
Our PCI DSS Compliance Review Service is designed to ensure that your business meets the highest standards of payment card security. We offer a thorough assessment of your systems and practices to guarantee compliance with the Payment Card Industry Data Security Standard (PCI DSS), protecting both your customers and your organisation from potential security breaches.
Key Features:
- Comprehensive Assessment:
- Detailed evaluation of your current security measures.
- Identification of gaps and vulnerabilities in your card payment systems.
- Customised Roadmap:
- Tailored action plan to achieve full PCI DSS compliance.
- Step-by-step guidance to enhance your security infrastructure.
- Policy and Procedure Review:
- Examination of your existing policies and procedures related to cardholder data.
- Recommendations for improvements and best practices.
- Technical Testing:
- In-depth analysis of your network and systems to ensure robust security controls are in place.
- Penetration testing and vulnerability assessments to identify potential weaknesses.
- Employee Training:
- Training sessions to educate your staff on PCI DSS requirements and security best practices.
- Ongoing support to maintain a culture of security awareness.
- Regular Reporting and Feedback:
- Detailed reports outlining compliance status and progress.
- Continuous feedback to keep your organisation up to date with the latest PCI DSS standards.
Expert Guidance:
Our team of certified PCI DSS professionals will support you throughout the compliance journey, providing expert advice and practical solutions to achieve and maintain your PCI DSS certification.
With our PCI DSS Compliance Review Service, you can confidently process card payments knowing your security is top-notch and your business is fully compliant.