If you are a merchant that accepts, processes, transmits or stores credit card payments from customers, you’re required to comply with the Payment Card Industry Data Security Standard (PCI DSS). PCI DSS compliance ensures merchants secure cardholder data from potential data breaches. It is not one-off compliance, but an ongoing process of ensuring a merchant has the necessary structures in place to protect customer data.
If you are a business that stores, processes or transmits customer credit card data then PCI DSS applies to you. Compliance is expected of all Australian businesses, no matter their size.
By being PCI compliant your organisation is meeting the international standard for secure payment, thus building trust amongst customers, which is a valuable asset to your business as it directly leads to more sales.
A part of being PCI compliant is having stronger firewalls, encryption and limits on retaining cardholder data, which makes you a much harder and less valuable target for cybercriminals. Hackers will struggle to get past your security and will not find what they are looking for thus reducing overall data breaches.
Being PCI compliant helps your business stand out from the competition. Your high-security standards will increase your overall brand reputation amongst customers as they realise that you have put effort towards safeguarding their sensitive information.
Being PCI compliant whether that be level 1, 2, 3 or 4 is a sign that your organisation has taken serious steps towards safeguarding customer data. The steps that it takes to become PCI compliant are in line with achieving other internationally recognised data security standards like ISO or EU’s GDPR.
StickmanCyber follows a 5-phase methodology to ensure your organisation achieve PCI DSS Compliance:
Phase I -Define: Entails the full assessment of the current environment with respect to the PCI DSS, by StickmanCyber.
Phase 2 – Plan: Develop a plan of remediation activity to be carried out to achieve the required payment card data security standard.
Phase 3 – Execute: Project manage the remediation actions required to achieve compliance.
Phase 4- Certify: Review of all remediation activities and certification of compliance by StickmanCyber as an authorised PCI Qualified Security Assessor (QSA).
Phase 5- Maintain: On-going maintenance and proactive support to regularly track, monitor and report on PCI compliance on a quarterly or yearly basis.
Arm yourself with up-to-date information and insights into building a successful cybersecurity strategy, with blogs and webinars from the StickmanCyber team, and industry experts.
How do you successfully run and manage a complex PCI-DSS Project from start to finish? Ajay and Muralee are the keynote speakers, and they have over 25 years of combined experience in doing just that. In this webinar, they share some invaluable feedback on how to navigate all types of PCI-DSS Projects for Merchants, Service Providers for small or large scale industries.
Know your exact challenge and want a solution partner? Just starting out on the cybersecurity journey? The StickmanCyber team can help.