What is PCI DSS Compliance?


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 breach.  It is not one-off compliance, but an ongoing process of ensuring a merchant has the necessary structures in place to protect customer data. 

Does PCI DSS compliance apply to you?

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.

What are the benefits of PCI Compliance?

  • Builds trust with customers: One of the biggest fears of every customer shopping, whether it is online or in-store, is having their credit card details stolen. 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. 

  • Reduces overall data breaches: By following the steps to becoming PCI compliant for example, having stronger firewalls and encryption and limits on retaining cardholder data, you become a much harder and less valuable target for cyber criminals. Hackers will struggle to get past your security and will not find what they are looking for thus reducing overall data breaches. 

  • Improves brand reputation, giving your organisation a competitive edge: 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. 

  • Is a good stepping stone towards other regulations: 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. 

How We Do It


StickmanCyber follows a 5-phase methodology to ensure your organisation achieve PCI DSS Compliance:

PCI DSS Compliance-2

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.

 

Resources

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