How PCI DSS Security Standards Protect Your Credit Card Transactions
Payment Card Industry Facts Security Standard (PCI DSS) is a security feature that was developed by the major credit card companies to help businesses that process credit cards prevent credit card fraud through various security vulnerabilities that would exist otherwise. All companies that store, transmit, or process credit cards must be PCI DSS compliant in course to process these transactions. If they are not, then they can lose their ability to take credit cards.
If you are not persuaded how these actions can protect your credit card transactions, below are the security standards that must be employed in order to make sure these transactions are secure:
Not using password defaults or other security measures that are provided by the credit card appliance vendor. They are usually all the same and make the system vulnerable.
Install and perpetuate a firewall to keep intruders out.
If cardholder material must be transmitted over accepted networks that are open, the info must be encrypted.
Dodge need-to-know must be used to restrict access to cardholder data.
Physical access should be restricted to cardholder data.
Everyone person that has computer access, which means they may be able to access credit card numbers, should be assigned a unique username and password. This is so any accessed information can be traced back to the person who accessed it.
All access to network resources should be monitored, as hale as access to cardholder data.
The system should be tested on a regular basis. This means all processes should be tested as well.
Carry on an information security policy. Enforce compliance with this policy and discipline if it is deviated in any way.
There are also certain pieces of information on a person's credit card that can and cannot be stored. The pieces of information that can be stored are the card number, the cardholder's name, the expiration date, and the service code. Pieces of counsel that cannot be stored are the magnetic strip, the PIN number, and the CVV decree on the back of the card. PCI DSS standards require that ammo that is permitted to be stored is stored in a secure manner. Auditors testament proof for compliance in all of these areas. If it is found that the game is in violation in any way, the career could risk losing their privileges of captivating credit cards or could face a heavy fine.
A worse scenario is that if a function is commence to be in violation of PCI DSS requirements when cardholder information is stolen. This holds the pursuit liable for ensuring that customer information is not compromised and to part measures that are desired in case that dope is.
Even if you are a hosting provider, you have responsibility such as manufacture sure the connexion is secure when accepting credit cards. PCI DSS requirements do not apply to just in-store environments. It is true that it is impossible to verify that the person using the card is indeed that person, but what is possible is to make sure that earful is protected so that outside parties do not access it. The internet is crawling with hackers and those looking for insecure connections. Abiding by PCI DSS regulations makes it less possible that such a breach will occur.
So now you can see how PCI DSS protects your credit card transactions. It is mere practicable that information is stolen when PCI DSS is followed closely. As enlarged is it is followed, you have no security breaches to distress about and no bad audits that could result in trouble for your business.
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From: http://ezinearticles.com/
Added: July 4, 2008
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