When you accept credit card payments, you need to be compliant with the Payment Card Industry Data Security Standard (PCI DSS). VISA, MasterCard, American Express, Discover, and JCB set the standards to prevent fraud and data breaches.
Maintaining PCI compliance is complex and requires a lot of work. If you do not do it properly, you can be fined, or your merchant account may be revoked.
Managed Security Services
A managed security services provider (MSSP) manages and monitors computer networks. They provide services such as intrusion detection, firewall management, antivirus and antispyware protection, network scanning and vulnerability assessment.
PCI Compliance services requires network vulnerability scans at least quarterly as well as host-based intrusion prevention systems and malware detection to keep data secure. A good MSSP can help automate these tasks.
Network Security Services
Network security services protect internal company infrastructures and connected devices from undesired access, mishandling, and attacks. Providers evaluate internet and intranet connections for vulnerabilities, design firewalls and other protective measures to meet client needs.
MSPs with PCI Compliance services can help companies meet the Payment Card Industry Data Security Standard (PCI DSS) to ensure credit card information is stored, processed, and transmitted in a secure environment. They can also offer services to protect consumer data from breaches caused by insiders within the organisation or outside of it.
Identify Management Services
Identity management software helps organisations control access to critical data and applications while ensuring compliance with industry regulations. It also provides detailed audit logs and reporting features that help administrators detect non-compliance and prevent breaches before they happen.
Service providers that process, store or transmit cardholder data must comply with the PCI Data Security Standard. This imposes major fines on service providers who fail to secure this information.
To be compliant, service providers must create secure networks that restrict access to consumer cardholder data both physically and electronically. In addition, they must work with organisations to educate their employees on the importance of protecting the data of consumers.
If you are a merchant or processor, it is important to be compliant with the Payment Card Industry Data Security Standard (PCI DSS). Failure to comply can result in fines and business closure.
The PCI DSS is a set of requirements and controls developed by the five major credit card companies: Visa, Mastercard, American Express, Discover and JCB International. It aims to ensure that cardholder data is secure by reducing the risk of theft, fraud and data breach.
It also provides protection for the acquiring banks, card brands and other entities you do business with.