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PCI DSS: Secure Your Security

Fraud Protection

In 2014, there were 62,264 reported cases of credit card fraud. When customers come to your business to purchase items, they are trusting you with their security information and it is your responsibility to ensure that the appropriate security measures are in place so their financial information is safe.

PCI DSS is the Payment Card Industry Data Security Standard. What this means, is that your customers are protected from any fraud that may happen as a result of their transaction. If you refuse to use PCI DSS, you’ll be fined and may even be forced to remove payments by card at your business – leading to less profit.

There are 12 high level requirements, and they fall into the six categories:

Build and Maintain a Secure Network

1. Install and maintain a firewall configuration to protect data
2. Do not use vendor-supplied defaults for system passwords and other security parameters.
Protect Cardholder Data
3. Protect stored data (use encryption)
4. Encrypt transmission of cardholder data and sensitive information across public networks

Maintain a Vulnerability Management Program

5. Use and regularly update anti-virus software
6. Develop and maintain secure systems and applications

Implement Strong Access Control Measures

7. Restrict access to data by business need-to-know
8. Assign a unique ID to each person with computer access
9. Restrict physical access to cardholder data

Regularly Monitor and Test Networks
10. Track and monitor all access to network resources and cardholder data
11. Regularly test security systems and processes

Maintain an Information Security Policy
12. Maintain a policy that addresses Information Security

By paying for PCI DSS you’re actively helping to ensure that not only your customers are protected, but your business is too. You’ll also avoid fines and addition fees that can tally up without PCI DSS.

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