Payment Card Industry Data Security Standard
Ecommerce is becoming a successful business these days and more and more consumers are now preferring online business/shopping solutions. Customers trust on those sites that offer privacy policy and secure payment solutions. Infact Google Adsense and Adwords program has now made it compulsory to put privacy policy on publisher/advertiser websites.
And so if you are running an Ecommerce business, go for Payment Card Industry Data Security standard (PCI DSS). PCI DSS was developed by top five major credit card companies ( American Express, Discover, MasterCard, Visa and JCB) and consists of guidelines to help ecommerce companies or merchants implement necessary softwares and hardwares for secure payment solutions.
Various benefits of implementing PCI Data security standard :
- Matter of trust
- Fine protection in case of breach/incidents.
A PCI security Standard council is setup to encourage companies to setup these standards. They have also offered number of incentives for active participation. There are around 12 requirements for a business to be eligible for PCI compliance -some of them includes firewall installation, protecting cardholder data , Encryption system, updated antivirus software, tracking, monitoring, etc.
If you want your business PCI compliance, you might require to pass more than 200 individual security controls for the 12 requirements. Various companies are offering solutions for the implementation of PCI standards so that you can concentrate on your core business.
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