24 October 2023 | By Shaun Farrow
MFA fatigue, AiTM phishing, data extortion — cyber threats are on the rise and evolving daily. How can your business protect itself in this ever-changing landscape?Read more
6 February 2024 | By Chris Thomas
The Payment Card Industry Data Security Standard (PCI DSS) plays a pivotal role in safeguarding sensitive credit card information — protecting consumers and businesses alike from data breaches and fraudulent activities.
Version 4.0, which replaces v3.2.1 as of 31 March 2024, adapts to contemporary threats in the ever-changing cyber security landscape. And with the transition window fully closing in March 2025, businesses need to assess whether they are in a position to meet this timeline when aligning their strategies with the new standard.
Considering this, it is imperative that IT teams implement robust measures to maintain a secure environment for processing, storing, and transmitting payment data.
Although the 12 core requirements remain fundamentally the same, PCI DSS v4.0 strengthens the following areas:
While PCI DSS is concerned with protecting cardholder data, the security measures it encourages are generally considered as the minimum standard for all businesses, regardless of their level of involvement with card payments. This includes:
For those seeking to achieve compliance, one of the simplest and most effective ways to meet the updated requirements is to use a third party solution that already meets the standard.
This approach offers three key benefits:
Assured security — Payment details never enter your organisation or systems; they are captured and processed by a separate, secure platform.
Ease of management — The complexity and responsibility of remaining compliant is taken away from you, freeing up time and resources to work on more strategic projects.
Customer experience — The payment process is streamlined, and points of friction are removed to ensure a seamless experience for your customers and agents.
In a world of increasingly stealthy and sophisticated cyber threats, it is imperative that your business takes action — both to secure against debilitating data breaches and to protect your brand.
The Security Standards Council, consumers, and partners will all seek assurances that your methods of capturing, processing, and storing payment data are compliant with the latest industry standards and regulations. So, whether you are seeking guidance on security best practices or want to leverage third-party PCI compliance solutions, call 03330 11 22 55 today to speak to one of our experts.