Do you know how long it takes to become PCI compliant?
Fulfilling all the requirements spelled out in the Payment Card Industry Data Security Standard (PCI DSS) is a complicated process with a ton of moving pieces.
Is your organization connecting to a payment gateway, processor, or other financial institution – like FIS or I2C – that requires you to use ISO8583 to handle payment messaging?
If so, you likely already know that your business needs to achieve some form of PCI compliance in order to handle the sensitive data contained within those messages.
A simplified crash course on the Payment Card Industry Data Security Standard (PCI DSS), including the most cost-effective path to securing cardholder data and quickly obtaining PCI Compliance.
Unsure about PCI Compliance? Here’s everything you need to know about PCI DSS and what it takes to obtain – and demonstrate – your company’s compliance.
You can do this yourself or with the help of third parties, which we will cover at the end of this post.
So, you’ve got a startup that needs to demonstrate compliance with the Payment Card Industry Data Security Standard (PCI DSS).
That means your business plans on operating on cardholder data and you have a responsibility to protect that sensitive credit card information.
What’s PCI compliance going to cost your business?
These days, it seems that - with each passing year - companies are having to navigate increasingly complex data security regulations. From following PCI DSS rules to maintaining HIPAA, GDPR and CCPA compliance, the complicated web of global regulatory frameworks just keeps getting more and more tangled.
Depending on where your organization is based, and where its users reside, you may be subject to several data protection laws - some that often geographically overlap.
The next era of data security is already upon us, and it involves washing our hands of sensitive user data entirely.
Imagine a world where your business doesn’t have to worry about managing its own Payment Card Industry Data Security Standard (PCI DSS) compliance, simply because sensitive cardholder data never passes through your systems in the first place.
It’s a concept we call Zero Data.
Integrating VGS solutions into your business provides you with powerful and useful data management tools, along with peace of mind in knowing that all your sensitive information is safe, secure, and compliant. But what exactly does that entail?
With basic integrations of our innovative VGS products, merchants who must achieve PCI DSS Compliance Levels 2-4 (those that process fewer than 6 million transactions) and service providers who must complete Level 2 compliance (those who process fewer than 300,000 transactions) can automatically achieve PCI compliance - by inheriting VGS’ compliance posture.
The hard-to-face reality is that billions of personal records are exposed each year. A commonly used, yet incomplete solution, is tokenization. Tokenizing sensitive data does not eliminate the need to achieve and certify PCI DSS compliance.
In order to completely descope from PCI, a business can partner with a data custodian (VGS) that handles 100% of data capture and vaulting – removing any compliance risk and completely avoiding data leaks.
Learn how you can make sure that your company’s cardholder data environment (CDE) is compliant with PCI DSS.
Storing PCI cardholder data can make business much easier, for both you and your customers. Unfortunately, stored cardholder data puts your business at risk of a data breach - which is why the Payment Card Industry Data Security Standard (PCI DSS) was put in place.
Ensuring a company’s cardholder data environment (CDE) is compliant with PCI standards is no easy task, however, and often requires unanticipated additional resources and ongoing efforts to maintain.
We’re excited to announce that we’ve partnered with our friends at Netlify to develop an add-on that effortlessly and securely collects data via webforms.
Very Good Security, Inc. (VGS), a global leader in secure cloud services, data protection, and compliance, announced today that its data centers and cloud infrastructure have successfully completed its annual PCI DSS 3.2 compliance.
PCI Compliance, a Modern Approach: Audit Scope Reduction
Companies who stay within PCI scope when handling cardholder data have to deal with high maintenance costs and lengthy compliance certification processes - which is why many businesses seek to reduce their scope.