What are the 4 things that PCI DSS covers?

There are not 4 but 12 requirements of PCI DSS, which are: 1. Ensure cardholder data is protected with a firewall configuration 2. For passwords and other security parameters, you should not use the vendors defaults 3. Protect stored cardholder data 4. Transmit cardholder data using encryption across public networks 5. Install and regularly update anti-virus software 6. Develop and maintain secure systems and applications 7. Protect cardholder data by restricting access to those who need it 8. Create a unique ID for every person with computer access 9. Limit access to cardholder data on a physical level 10. Monitor and control access to network resources and cardholder data 11. Ensure that security systems and procedures are regularly tested 12. Ensure that all employees follow a security policy

Who needs PCI DSS compliance?

All merchants and service providers handling, processing, storing, and transmitting credit card information are covered by the PCI DSS.

What are the penalties for PCI non-compliance?

Penalties for non-compliance with PCI can range from $5,000 to $100,000 per month depending on the credit card company (Visa, MasterCard, Discover, AMEX). These volumes can determine whether a company should be in compliance with PCI DSS according to the level of clients and transactions.

PCIDSS | Compliance Checklist | Framework

Q: What does PCI-DSS stands for?

PCI-DSS stands for Payment Card Industry Data Security Standard.

What is PCI DSS?

PCI DSS, sometimes also referred to as PCI Compliance, stands for Payment Card Industry Data Security Standard. It is a defined set of standards/protocols that are maintained to protect the credit card owner's privacy during all financial transactions. These protocols apply to all those concerns that accept credit card payments and those that handle branded credit cards from the major card schemes. It applies to all those who store, process and transmit cardholder data. PCI DSS is administered by the Payment Card Industry Security Standards Council, headquartered in Wakefield, Massachusetts, USA. The PCI Standard is mandated by the card brands but administered by the Payment Card Industry Security Standards Council. The Payment Card Industry Security Standards Council was originally formed by American Express, Discover Financial Services, JCB International, MasterCard, and Visa Inc. on 7 September 2006 to manage the ongoing evolution of the Payment Card Industry Data Security Standard and to ensure a safe transaction and online payment experience.

PCI DSS + Cloud

With the rise of online shopping and business, there has also been a sharp rise in online payments. PCI DSS focuses on the cardholder information restriction and why there is a very strong need to create safe passwords. In-depth practices such as encryption and the use of a firewall are also mentioned. PCI specifies that your databases should be encrypted well, and strong malware protection should be set up. There is also a need for a log collection and management system. PCI compliance also stresses Identity and Access Management, especially when it comes to configuring employee access. Lastly, PCI DSS makes it mandatory to log and monitor events on your setup and protect against continuous threat detection and monitoring. PCI DSS compliance is mandatory for companies handling credit card information.

For Fintech Industry

Why Cloudanix?

If you are into the e-commerce business or are a seller online or deal with online payments and handle credit card information, you have to provide your customer base the comfort of online payment. And making it safe and secure is your responsibility. When the business does not comply with PCI standards, you are at risk for data breaches, other fines or card replacement costs, expensive forensic audits, and lastly, investigations into your business. These cause brand damage and more. The smart decision would be to become PCI compliant quickly. Failure to be PCI compliant can result in fines of up to $100,000 per month! There’s where Cloudanix comes for your help! Cloudanix automates audits that perform various checks consisting of different rules on a wide variety of recipes that we provide. For instance, our AWS recipe of S3 Audit contains rules like S3 Bucket Versioning Enabled, S3 Buckets Lifecycle Configuration, S3 HTTPS Only, and many more. These audit rules help you comply with the PCI DSS 10.5.3 and PCI DSS 2.3 clauses that stress prompt back up audit trail files to a centralized log server or media that is difficult to alter and encrypting non-console administrative access using strong cryptography, respectively. Our audit lets you know in the audit report if you are violating these rules and, effectively, these clauses of PCI DSS. We have many other recipes and rules that ensure you stay PCI DSS compliant and follow the best security practices while we are taking care of your security audits!

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PCI DSS

Protecting the data and privacy of Credit Card Owners