Have you thought about how PCI DSS compliance may help you thrive in business?
According to recent research, global corporate PCI DSS compliance has improved to 55.4%, yet over half of the shops, restaurants, hotels, and other organizations are still not in compliance!
Furthermore, nearly one-fifth (18%) of organizations do not have a clear compliance program with a defined scope and objectives, according to the 2018 Verizon Payment Security Report.
Here are 5 reasons why you need PCI DSS Compliance:
1. Increases your clients’ trust
Successful online business depends on trust. Your clients have faith in you to deliver the real goods they ordered as well as to communicate and handle their payment information securely. Another strategy for enhancing and safeguarding your reputation, one of your company’s most important assets, is to adhere to international standards for secure payments.
2. Avoiding data breaches
Building an IT infrastructure should take data compliance and management into account, especially if you process or store sensitive consumer data. Each PCI-compliant firm is a less desirable target for cybercriminals due to the requirement that merchants employ better firewalls and encryption and the prohibition on retaining cardholder data. They won’t be able to access the data they’re looking for, making it tougher for them to attack your network.
3. Assists you in meeting worldwide standards
The PCI DSS laws were launched by five of the world’s top credit organizations to offer customers a mandated degree of protection by guaranteeing that merchants fulfill minimal levels of security when storing, processing, and transmitting cardholder data. Obtaining PCI certification allows you to join the ranks of other multinational merchants and enterprises dedicated to data security and consumer protection.
4. Prioritizes security
PCI DSS compliance necessitates many levels of protection via appropriately set firewalls. You also want an overarching IT security plan that changes in response to new threats and monitors your network for unpatched vulnerabilities or expired updates. PCI compliance may be achieved by IT security services such as endpoint security, enhanced WatchGuard firewalls, or a vulnerability audit.
5. Provides a baseline for other regulations
Whether you need to meet level 1, 2, 3 or 4, achieving PCI DSS compliance means you’ve taken important steps to protect customer data. Some of the basic premises of PCI DSS, like taking action to limit the amount of sensitive data you store, dovetail well with GDPR, ISO, and other internationally-mandated data security regulations.
When you first start navigating PCI compliance as an SME, it’s natural to feel overwhelmed, but a managed services provider is an excellent partner to have on your side.
We presently provide Level 1 PCI DSS compliant hosting to a variety of enterprises, including multinational corporations, online payment processors, and e-commerce shops, at Laketech. They came to us because we understand what is required for compliance, such as secure, cutting-edge data centers, high-speed connections, end-to-end encryption, and stringent network monitoring.
Visit our training page to explore our courses https://laketechsolution.com/certification/