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PCI DSS Compliance Checklist
Here are the 12 primary requirements of the PCI DSS :

Requirement 1: Install and maintain a firewall configuration to protect cardholder data
Requirement 2: Do not use vendor-supplied defaults for system passwords and other security parameters
Requirement 3: Protect stored cardholder data
Requirement 4: Encrypt transmission of cardholder data across open, public networks
Requirement 5: Use and regularly update anti-virus software
Requirement 6: Develop and maintain secure systems and applications
Requirement 7: Restrict access to cardholder data by business need-to-know
Requirement 8: Assign a unique ID to each person with computer access
Requirement 9: Restrict physical access to cardholder data
Requirement 10: Track and monitor all access to network resources and cardholder data
Requirement 11: Regularly test security systems and processes
Requirement 12: Maintain a policy that addresses information security

Payment Card Industry Data Security Standard (PCI DSS)
With e-commerce on the rise, there have been numerous financial transactions made online, many of which involve making credit card payments for purchases. This increase in online payments has subsequently resulted in the growth of cases involving credit card fraud. Card numbers and card holder data are sensitive information which need utmost protection so that misuse is prevented and information is secured.

Therefore as a strategic security measure, companies & vendors handling credit and debit card information now need to comply with stringent security standards drawn by major credit card companies like VISA, MasterCard, American Express etc. so that security breaches are prevented and card holder data is safeguarded. The standard to be followed is a set of security requirements known as the Payment Card Industry Data Security Standard (PCI DSS) and applies to all members, merchants and service providers that store, process or transmit cardholder data regardless of transaction type (point of sale, phone, e-commerce, etc.).

What is the PCI DSS ?

The PCI DSS stands for Payment Card Industry Data Security Standard. It is a multifaceted security standard that includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. It represents a set of rules that need to be adhered to by businesses that process credit cardholder information, to ensure data is protected. The PCI Data Security Standard comprise 12 general requirements designed to:

Build and maintain a secure network
Protect cardholder data
Ensure the maintenance of vulnerability management programs
Implement strong access control measures
Regularly monitor and test networks
Ensure the maintenance of information security policies
This standard is governed by PCI Security Standards Council https://www.pcisecuritystandards.org

Why should you comply to PCI DSS ?

Organizations that store and handle credit card information of their customers, irrespective of their size and nature of business, are always at a high risk of cardholder data misappropriation by criminals and other sources with malicious intent. Such security breaches will result in fines levied by credit card companies, litigations and loss in trust, and eventually business. Moreover, there is a deadline posed by credit card companies to achieve PCI DSS compliance and that is December 2007. Credit card companies levy huge fines up to $500,000 if businesses fail to comply to the PCI DSS within the stipulated time frame. Companies also run the risk of not being allowed to handle cardholder data if found non-compliant and having lost data. As a result, achieving PCI DSS Compliance is top priority for such companies.

Liquid Video Technologies Logo, Security, Video Surveillance, Greenville South Carolina

If you would like liquidvideotechnologies.com to discuss developing your Home Security System, Networking, Access Control, Fire, IT consultant or PCI Compliance, please do not hesitate to call us at 864-859-9848 or you can email us at deveren@liquidvideotechnologies.com