The Payment Card Industry Data Security Standard (PCI DSS) was developed to combat the growing menace of credit card fraud. The standard is mandated by leading credit cards institutions like Visa and MasterCard. PCI DSS Compliance and security standards are technical and operational requirements set by the PCI Security Standards Council to protect cardholder data. These standards apply to all organizations that store, process, or transmit cardholder data.
- Build and Maintain a Secure Network and Systems
- Implement Strong Access Control Measures
- Maintain a Vulnerability Management Program
- Regularly Monitor and Test Networks
- Maintain an Information Security Policy
- Protect Cardholder Data
Why should you care about PCI DSS Compliance?
There can be severe repercussions for not complying with PCI DSS, including damaging your brand reputation, losing potential business, and paying fines ranging from $5,000 to $100,000 per month. Hence, it is critical to decode the PCI DSS compliance requirements and have all the necessary controls to manage and sustain compliance. This blog describes key challenges in implementing PCI DSS compliance and how businesses engaging in credit card payments can protect cardholder data while maintaining the highest levels of information security.
Key Challenges in Managing PCI DSS Compliance
While it is critical to sustain PCI DDS compliance, organizations often grapple with multiple challenges.
Identifying the right scope
Maintaining and updating policies
Preparing for Compliance Audits
Thousands of hours of labor are required to collect information by hand. Therefore, it is critical for any organization subject to PCI to quickly pass its audit with as little manual work as necessary, so teams can better focus on achieving business objectives.
Streamlining PCI DSS Compliance with Progress Chef
With Chef Compliance, your teams can enter an audit cycle knowing their exact compliance posture rather than being surprised by auditors who find weak points in your environment. Compliance issues or policy breaches can be rapidly identified, and teams can react quickly to triage and remediate problems even before the auditors show up.
Join Our Webinar to Learn More
We will discuss on how Chef can help you comply with PCI DSS in a webinar on March 7th by Shua Matin, Senior Manager, Product Marketing and Lokesh Kannaiyan, Senior Product Manager at Chef. The panel will also address all your questions during
the Q&A session.
If the content of this blog is of interest to you, you should register for the webinar to see how Chef can help you achieve your PCI DSS Compliance initiative.