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The Love-Hate Relationship of PCI DSS Compliance

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220 Security Controls

Currently, there are more than 220 security controls in place for PCI DSS compliance. These controls that fall within 12 broad technical and policy requirements were first formulated by 5 of the top credit card companies, which include Visa, MasterCard, American Express, Discover, and JCB. These are the very companies, along with many others like it, that now need to not only concern themselves with protecting and securing sensitive data, but staying within their own regulatory guidelines throughout the year.

Reputation

More and more frequently companies become victims to data-breaches and hacked information security. Surprisingly this happens most often than not by the hands of privileged users, followed by 3rd party vendors. These challenges pose a serious and obvious threat to the consumer, and/or other businesses that these companies associate with, and ultimately with themselves.

Businesses are putting their reputations on the line and opening themselves up to disastrous financial calamity. Hence, today, it behooves companies, big and small, to reevaluate how close to complete PCI DSS compliance they want to be, and then invest in as much man power and technological support, accordingly–a perhaps wise and worthwhile initiative for all.

PCI a secure baseline

As it turns out, according to industrial reports, an organisation’s data security is as strong as they are PCI DSS compliant. Therefore, it is in the company’s best interest to follow PCI compliance as closely as possible. However, over time, with the exponential growth of sensitive data, it has become increasingly complicated and time consuming to safeguard against data-breaches.