Develop a Strategy for PCI DSS Compliance
You can save a lot of money by selecting the right path for PCI DSS compliance.
- Adherence to the PCI Standards for Data Security protects client data and mitigates the risks of lost income due to fraud and even loss of card processing privileges.
- PCI DSS is developed and enforced by the payment card industry and designed primarily to reduce banks’ exposure to risk. A generic compliance focus may either be insufficient to protect the enterprise or just plain overkill when adopted wholesale.
- Enterprises must take ownership of their own strategy for protecting card data. This solution set will help you develop a strategy that addresses data security while keeping compliance efforts in line with external stakeholder expectations.
Our Advice
Critical Insight
- Compliance and security are two different things. There are more compelling reasons than fines and threats of lost privileges for enterprises to comply with PCI DSS. Organizations need to protect their reputation, and keep client data secure to avoid becoming the next TJ Maxx.
- The toughest aspect of compliance is not the technical security implementation, but the ennui of documentation that goes along with it.
- The industry is patient and accommodating to those it picks on for enforcement of standards, while letting smaller merchants off the hook from a compliance perspective. SMB should focus efforts on implementing controls that make them secure and spend less time filling out forms.
Impact and Result
- Get a full week back of time you would have spent hunting through compliance requirement documentation.
- Learn from peers who have already gone through compliance efforts to avoid wasted efforts and costs on advisory and implementation.
- Avoid sunk costs of technology investments that will have to be replaced or reconfigured due to non-compliance with PCI DSS standards.
- Gain industry insider knowledge distilled from interviews with qualified security auditors (QSA) and security consultants to disseminate the facts from industry hype.
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