PCI DSS compliance is a standard and not required by federal law in the U.S. Frequently Asked Questions What is the PCI compliance process?ĭeveloped and managed by the PCI Security Council, the PCI compliance process involves a set of technical and operational standards for businesses to follow in order to secure and protect credit card data. Read more about how Varonis assists you on your compliance journey by downloading our free Compliance and Regulation Guide. You can even run data access reports for your PCI compliance audits. Varonis protects your PCI data for the long term. Once you know where your PCI compliance data lives you can work to reduce the risk of breach and then monitor that data for abnormal access patterns. Varonis maps your folders and folder access and scans your files for PCI compliant data. The Varonis Data Security Platform provides the foundation you need to begin your PCI compliance journey. For example, Target said the total cost of their massive breach of credit card data was over $200 million, which included an $18.5 million legal settlement with 47 state attorneys general. That kind of fine is manageable for a big bank, but it could easily put a small business into bankruptcy.īut, these fines issued by the PCI are small in comparison to credit monitoring fees, laws suits, and actions by state and federal governments that can result when you’re not truly PCI DSS compliant. Banks pass the fines along as increased transaction fees or termination of business relationships.įines vary from $5,000 to $100,000 per month until the merchants achieve compliance. Detect security vulnerabilities and remediateĪccording to the primary PCI Compliance Blog, fines are not published or reported, and usually end up passed to the merchants.Monitor for insider threats, malware, misconfigurations and security breaches.Audit and report on file and event activity.Monitor Data, File Activity, and User Behavior.Identify users, groups, folder and file permissions.Here are some specific controls you can implement that will help protect your PCI data. The data you protect only matters if that data remains protected across the entire transaction life cycle.įirst, you need to employ good data security practices inside your organization and have regular internal audits and quality monitoring of your PCI compliant data. In order to maintain PCI compliance, you must also engage with PCI compliant credit card processors and banks. Each organization performs the SAQ and submits their quarterly reports to their required organizations. The other option is to complete the SAQ, which is a series of yes or no questions to determine your level of compliance with the PCI DSS. PCI Compliance Self-Assessment Questionnaire (SAQ) Different QSAs will be more familiar with one business or another, so if you do go this route make sure to find one that understands your business needs. PCI QSAs are certified and trained to perform PCI security assessments. PCI Compliance Qualified Security Assessors (QSA) Either you can perform your own PCI Compliance Self-Assessment Questionnaire (SAQ), or you can contract with a certified PCI Quality Security Assessor (QSA). How Do I Validate My PCI Compliance?Įach credit card company has their own compliance validation levels that they need to adhere to. Think of the cost of PCI compliance more like the “cost of good data security practices” and then make your calculations accordingly. PCI compliance is simply good data security practice and isn’t much different than the NIST or SANS security controls. The cost to be PCI compliance is a pittance compared to the cost of a data breach. The answer to this question is complicated. For more details on PCI DSS please read our full article on the 12 PCI DSS Requirements.įor more on PCI DSS please read our in-depth article How Much Does It Cost To Get PCI Compliant? PCI DSS is the roadmap you need to follow to become PCI compliant. PCI DSS represents good data security practices for any organization to follow. More importantly, following the PCI DSS helps you keep compliant with data security and privacy laws, such as the General Data Protection Regulation (GDPR) or the Gramm-Leach-Bliley Act (GLBA). In short: breached companies didn’t follow all of the requirements, which shocks no one. Verizon’s research shows a correlation between companies that experienced a data breach and missing PCI DSS controls. According to the 2018 Verizon Payment Security Report, only 52.5% of all organizations are 100% PCI compliant, and just 39.7% of companies in the Americas. PCI DSS compliance should be one of the most important ongoing projects in any business that stores and saves customer’s private credit card data. Get the Free Essential Guide to US Data Protection Compliance and Regulations Why is PCI Compliance Important for Businesses to Follow?
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