The PCI DSS (Payment Card Industry Data Security Standard) is a set of industry standards designed to ensure all organizations that handle credit card information do so in a secure environment.
Established in 2006 by a council made up of major card brands, compliance with the PCI standards are not required by law. However, the council does have the power to apply fines, increase transaction fees or terminate a merchant’s contract if they do not comply. The standards apply to organizations of all sizes, with four bands of compliance level dependent on fee value of transactions processed each year.
With a rise in data breaches, the importance of protecting your business and team members is paramount. Online fraud via remote purchase alone cost UK retailers £265.1 million in 2018, a 29% increase on the previous year*. Failure to comply with PCI DSS can also potentially violate GPDR, which is expected to become part of UK law after the end of the Brexit transition in December 2020.
For merchants to become PCI compliant, the process involves internal scans, penetration tests and file monitoring of cardholder data to help them achieve compliance around six core principles.
Our software automates six of the 12 PCI DSS compliance check process, enabling your team members to focus on more strategic issues. Easy to follow reporting explains where and why your current systems pass and fail and what you need to do to achieve PCI compliance quickly and easily.
That’s why ISAs and QSAs around the world choose to automate their most critical PCI DSS checks with Titania software.
There are six core principles PCI aims to help merchants achieve;
Build and maintain a secure network and systems
• Protect cardholder data
• Maintain a vulnerability management program
• Implement strong access control measures
• Regularly monitor and test networks
• Maintain an information security policy