PCI DSS compliance is one of the industry’s most demanding and desired security standards. PCI compliance helps the company to mitigate and eliminate the possibility of their payment systems being compromised and cardholder data being stolen, with six goals, twelve requirements, and over 300 sub-requirements for the cardholder data environment.
It refers to any organization that stores, processes, or transmits cardholder information. Whether you’re a merchant, acquirer bank, credit card processor, payment card brand (such as Mastercard, VISA, JCB, American Express, Discover, and so on), debit, credit, or ATM cards issuer, financial institution, or an agent. PCI compliance will be critical to your company’s success.
While PCI DSS compliance is a requirement for each and every firm that receives, stores, processes, or transmits cardholder data, the requirements for each company changes based on the yearly number of payment transactions using the cardholder’s physical card or card data. GTIS can assist you in securing your payments, depending on the size of your company and the number of transactions you do each year.
The threat of cyber-attacks is determined by how easy it is to get access to systems, not by the size of the company. Even if you’re a small firm with a modest volume of card transactions, if your defenses are weak, you might suffer a breach, resulting in a loss of consumer confidence and brand goodwill. You could even end yourself going out of business. To protect your transaction channels and your customers’ card data, you must secure your payment systems in a cost-effective but secure manner.
Large businesses will have more precise compliance goals and a more complicated IT architecture. PCI compliance will be required not as a one-time exercise, but as part of a long-term compliance security programmed that includes thorough documentation, appropriate tools, ongoing planning, and monitoring to secure and minimize the breach.
GTIS offers the appropriate solution for you, no matter how big or small your company is or what your compliance requirements are.
Implementing PCI control measures with the help of a Qualified Security Assessor (QSA) assures that the safeguards are effective and appropriate. Our team can put in place—or assist your team in implementing mechanisms that assure PCI DSS compliance.