PCI DSS stands for Payment Card Industry Data Security Standards which governs credit card transactions. The PCI encourages all companies, merchants, and organizations that handle transactions to be compliant with their standards to ensure consumer safety and privacy.
The PCI DSS has three ongoing steps for compliance on which we can help so you will not worry about every swipe that you do for anyone’s card. First, we need to identify the cardholder’s data and analyze the vulnerability that may expose it. Next is the fixing of the assessed vulnerabilities to secure the data of the cardholder. It is recommended not to store customer or cardholder data unless there is a strong need to do so.
Lastly, you will need to submit a report that consists of validation records and compliance reports to the bank or card brand you transacts with.
Compliance is a long process and we will make it easy for you. PCI DSS compliance is necessary so you can maintain a secured network to protect cardholders that you do business with. You will also be required to monitor and test your networks regularly and to establish a policy for information security.
PCI DSS compliance will bring a big difference to your credit card transactions as you will have a vulnerability management program. This will help you identify beforehand the weak spots of a cardholder’s system to prevent any signs of fraud and theft.
Aside from becoming a part of credit card safety, we will also help health institutions secure their assets through becoming a Health Insurance Portability and Accountability Act (HIPAA) compliant.
On this note is the responsibility of every health organization to make sure that every patient’s data stays intact and private. All entities dealing with protected health information are expected to observe proper security measures as well as HIPAA standards.
Once compliant, HIPAA security rules will impose national security standards to protect health data that are stored either physically or electronically. You will be provided with physical safeguards that will control facility penetration. When it comes to the electronically stored health data, you will have technical safeguards that will regulate access by means of user IDs and encryption and decryption process among others.
Meanwhile, technical policies will make sure that you have an offsite backup so you can still retrieve the files accurately when an IT disaster happened unexpectedly.
The last safeguard that you will acquire is the network or transmission security. It covers the prohibited public access to electronic patient health information (ePHI). Also, it is responsible for setting grounds for all means of ePHI transmission through internet, email, or a private network.
As for all of these, PCI DSS and HIPAA compliance boil down to the increasing need for safety standards in credit card transactions and health information. Money is at stake for both as well as privacy and client/patient life and property.
Compliance may come technical and quite a hard task for a business or organization that is juggling day to day operations. With this, we will make it easier for you.