Financial institutions are one of the most heavily regulated industries around, and for good reason. Access to the personal information and funds of their customers makes banks a popular target with hackers, and a dangerous location for a cybersecurity breach. With all of the regulations a bank needs to obey, it’s possible you may have overlooked the Payment Card Industry Data Security Standard, or PCI DSS.
As organizations move their infrastructure to the cloud, payment data are being exposed unknowingly leading to high profile data breaches. Find out how the new guidance from PCI Security Standards Council (PCI SSC) and Cloud Security Alliance (CSA) can help protect your cardholder data in the cloud.
Not only has cloud native transformed the velocity in which organizations execute and maintain business operations, but it has also redefined storage, network and compute. From the infrastructure that IT operations maintains, to the applications that supply customers with the ability to interact with their data—DevOps teams have to deliver more services than ever, and they have to do it fast, with little to no error. Easy, right?
PCI compliance isn’t just good for customers; it’s also good for business. Merchants that fall short of PCI compliance standards not only put their customer data at risk, they also may face hefty fines. The PCI Compliance Guide reports that fines and penalties can range from $5,000 to $100,000 per month for the merchant.
The PCI DSS compliance password requirements are mandated by Requirement 8 of the Payment Card Industry Data Security Standard (PCI DSS). Password compliance plays a key role in the PCI standards because it dictates the password complexity necessary to help an organization better defend its systems against unauthorized access.
Ransomware today is a billion-dollar industry. It’s crippled industries like healthcare. In 2017, for instance, WannaCry brought much of the United Kingdom’s National Health Service to its knees using the EternalBlue exploit. It was just a few weeks later when the NotPetya ransomware strain leveraged that same vulnerability to attack lots of industries.
PCI is an information security standard for organisations that handle credit card transactions. It includes any entity that processes, stores or transmits credit card information. This standard is mandated by major credit card companies – Visa, Mastercard, and American Express – and administered by Payment Card Industry Security Standards Council (PCI SSC).