The Payment Card Industry Data Security Standard (PCI) applies to your business if you handle cardholder information for debit, credit, ATM, e-purse, POS, and prepaid cards.
PCI requires card issuers and holders to retain an audit trail history for a time period that’s consistent with its effective use and legal regulations. It’s necessary to undergo PCI compliance auditing to ensure your customers’ data is protected during credit or debit card transactions.
The Risk of Not Undergoing a PCI Audit
A PCI compliance audit is necessary to keep your business and your customers safe from a payment card data breach.
If your business is noncompliant, banks and credit card institutions can impose fines anywhere from $5,000 to $500,000.
Bank fines are based on the research they perform to remediate your noncompliance. Credit card institutions impose fines as a punishment for noncompliance, and they may enforce a timeline of increasing fines.
The Audit Process
PCI compliance auditing assesses your business’s point-of-sale (POS) system. A qualified security assessor (QSA) will determine whether or not your business is compliant with The Payment Card Industry Data Security Standards by:
- Examining your system,
- Identifying vulnerabilities, and
- Preventing data from being compromised.
The security experts at Veltec Networks can help you prepare for your PCI Audit. We will provide:
- A risk assessment to improve your data security.
- Advice for staff training on security awareness so your employees have the information and skills they need to meet the latest PCI standards and regulations.
- Information about any vulnerabilities, and ranked by order according to their seriousness. This way, you can address the most important first.
Don’t risk a data breach, fines, or your good reputation in the San Francisco Bay Area. Contact the security experts at Veltec Networks at (408) 849-4441 or firstname.lastname@example.org. We’ll provide the advice you need to improve and ensure your PCI compliance.