Since the early days of the Internet, cardholder data has been one of the focus points of cyber criminals. And payment card industry data security has become a major priority for financial institutions and governments worldwide.
The Payment Card Industry Data Security Standard (PCI DSS) is a set of regulations that requires all businesses to protect cardholder data and sensitive authentication data from falling into the wrong hands.
But developing the right systems and safeguards to ensure maximum cardholder data security and, ultimately, PCI DSS compliance, requires more than just having a secure payment system on a website.
Most companies, directly and indirectly, store and transmit cardholder data through their IT systems and even in person in a store or over the phone. And because there can be multiple access points to such data, it’s vital that you fully protect it from the constant presence of data breach threats.
Not only will PCI compliance save you from costly audits, fines, and penalties, but failing to implement all PCI DSS requirements could also cause a lot of reputational damage.
Unfortunately, many companies try to manage this process without the help of experts because they simply don’t have the luxury of employing a team of IT and PCI DSS compliance experts.
But with an outsourced service like Charlotte IT Solutions offers, you can become PCI DSS compliant at a fraction of the cost and without all the stress that comes with trying to manage this yourself.