What Makes PCI DSS V3.2.1 Certification Essential for Preventing Security Breaches?
PCI DSS V3.2.1 Certification
Does your business accept and process card-based transactions? Is your business PCI DSS compliant? It is true that being the Payment Card Industry Data Security Standard(PCI DSS) compliant entails much work but ignoring it can lead you to face several consequences. The card payment transactions are prone to data thefts and security breaches and their number is increasing owing to the increase in the number of card-payment transactions. There are various benefits of conforming to PCI DSS standards.
The PCI DSS standards are made by the PCI Security Standard Council (SSC), which is a consortium of credit card banks such as Visa, Master card, American Express, Discover and JCB. With these security controls, they control, administer and manage the safety and security of merchants, card service providers or organizations that collect, process, retain and transmit card information.
Many Benefits of Acquiring PCI DSS Compliance Certification
There are twelve requirements under the PCI DSS, which govern the card-transactions industry. They enhance the security of sensitive customer data through various security control and management systems, network configurations and software design, development, policies and processes to guard cardholder sensitive data. The PCI DSS compliance certification offers the following benefits.
1. Builds Customer Confidence and Trust
Most customers hardly know what it means being PCI DSS compliant; however, they recognize the PCI- compliant logo, which secure the card-payment transactions. The increase in the dependence on the Internet for payments make critical customer information vulnerable causing data breaches. A lot of customers are therefore reluctant to make payment online, which led to loss of trust and confidence. By having the PCI DSS V3.2.1 certification, you can gain trust and an advantage over your competitors, which increase sales and repeat business.
2. Safeguards from Data Breaches
Cyber threats are today increasingly common whether it is a large or small business. It is therefore essential to save sensitive customer information and the business from a data theft or breach. By meeting the PCI DSS compliance requirements, you can ensure that you are protected from any unauthorized access on your system or network. Under the requirements, the card processing systems should subject to a regular security assessment, wherein any technical weaknesses are identified and gaps filled using the penetration testing.
The assessments are mandatory for any substantial changes in the infrastructure to ensure the system is free from vulnerabilities during the implementation.
3. Improves Business
The third-party networks are prone to cyber-attacks and businesses look for strong security controls before they venture into any relationships with the suppliers, vendors, merchants, etc. With PCI DSS compliance, you can improve business relationships for it is one of the criteria for acquiring a business partnership.
What Is the Process for Obtaining PCI DSS V3.2.1 Certification?
The following are the processes for the PCI DSS certification:
Risk or security assessment
Security check
Obtaining insights through scans
Remediation support
PCI DSS compliance assessment and certification
You can thus build customer thrust and develop customer relationship by acquiring the PCI DSS V3.2.1 certification ensuring the protection of customer data.
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