The Fundamentals of PCI DSS
Posted on September 1, 2010 | No Comments
Darrell Freeman asked:
Organizations which receive payments through credit cards can benefit from technical and operational requirements the PCI DSS provide. The standards set on the PCI DSS apply to all business operating groups and organizations which use the card system to store data, process accounts and transmit information to and from their clients. With the guidance of software developers and manufacturers of devices for the transactions, integration of the PCI DSS system to payment solutions become more efficient.
There are some companies which do not comply with the standards provided by the PCI DSS that still continue to maintain transactions using credit card payments. The PCI SSC has the authority to disallow the organization’s ability to process card payments. In a more serious case, these companies are subjected to fines and financial audits. The companies which continue to comply with the standards of PCI DSS must validate their compliance every year. The validation of the compliance is evaluated by Qualified Security Assessors. Small-scale companies have the option to verify their compliance through the use of a Self Assessment Questionnaire (SAQ).
The requirements that PCI DSS provide help facilitate the creation and wide adoption of a standard data security procedure usable worldwide. The development of the standards and requirements for the PCI DSS are in response to the feedback received from the Advisory Board and other participating groups. There are also some cases where the discussion for the regulation of PCI DSS is open to all stakeholders. This enables a transparent creation and formulation of standards and requirements that would appeal to the public.
The PCI DSS consists of requirements which are essentially important for security management, policy making, implementation of procedures, creating network structures, software design and other security protocols. The comprehensive standard prevents unlawful activities which may compromise customer account data. These may include credit card fraud, web hacking, exploitation of system vulnerabilities and other security threats.
The PCI DSS implements two major security schemes which are very common nowadays. The PIN Entry Device (PED) Security Requirements or PCI PED is applicable to the manufacturers of the devices used in card transactions. These manufacturing companies are responsible for the implementation and management for terminals that require personal identification number (PIN) input. PIN entry devices are subjected to the testing and approval of the PCI SSC before being released into the public.
With respect to the applications used for card transactions, the Payment Application Data Security Standard or PA-DSS applies to the software developers and payment integrators. The requirements set by the PA-DSS covers those companies that store, process and transmit cardholder data when the created applications are transferred to third parties. The PCI SSC encourages companies to use payment systems with the validation of a PA-QSA company.
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Organizations which receive payments through credit cards can benefit from technical and operational requirements the PCI DSS provide. The standards set on the PCI DSS apply to all business operating groups and organizations which use the card system to store data, process accounts and transmit information to and from their clients. With the guidance of software developers and manufacturers of devices for the transactions, integration of the PCI DSS system to payment solutions become more efficient.
There are some companies which do not comply with the standards provided by the PCI DSS that still continue to maintain transactions using credit card payments. The PCI SSC has the authority to disallow the organization’s ability to process card payments. In a more serious case, these companies are subjected to fines and financial audits. The companies which continue to comply with the standards of PCI DSS must validate their compliance every year. The validation of the compliance is evaluated by Qualified Security Assessors. Small-scale companies have the option to verify their compliance through the use of a Self Assessment Questionnaire (SAQ).
The requirements that PCI DSS provide help facilitate the creation and wide adoption of a standard data security procedure usable worldwide. The development of the standards and requirements for the PCI DSS are in response to the feedback received from the Advisory Board and other participating groups. There are also some cases where the discussion for the regulation of PCI DSS is open to all stakeholders. This enables a transparent creation and formulation of standards and requirements that would appeal to the public.
The PCI DSS consists of requirements which are essentially important for security management, policy making, implementation of procedures, creating network structures, software design and other security protocols. The comprehensive standard prevents unlawful activities which may compromise customer account data. These may include credit card fraud, web hacking, exploitation of system vulnerabilities and other security threats.
The PCI DSS implements two major security schemes which are very common nowadays. The PIN Entry Device (PED) Security Requirements or PCI PED is applicable to the manufacturers of the devices used in card transactions. These manufacturing companies are responsible for the implementation and management for terminals that require personal identification number (PIN) input. PIN entry devices are subjected to the testing and approval of the PCI SSC before being released into the public.
With respect to the applications used for card transactions, the Payment Application Data Security Standard or PA-DSS applies to the software developers and payment integrators. The requirements set by the PA-DSS covers those companies that store, process and transmit cardholder data when the created applications are transferred to third parties. The PCI SSC encourages companies to use payment systems with the validation of a PA-QSA company.
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