PCI DSS 3.1 and 3.2 Prioritized Approach 2018-02-22T14:45:33+00:00

Project Description

PCI DSS 3.1 and 3.2 Prioritized Approach

PCI compliance - PCI DSS 3.0PCI compliance is a responsibility shared by all organizations. The Payment Card Industry (PCI) Data Security Standard (DSS) was developed to encourage effective cardholder data security. It does so by facilitating the broad adoption of consistent data security measures. Used internationally, PCI DSS provides a baseline of technical and operational compliance requirements designed to protect cardholder data by providing a minimum set of standard practices.

The development of PCI DSS was encouraged by numerous data breaches suffered by a variety of prominent companies. A few information security statistics are particularly shocking:

  • 2015 marked a 38% increase from 2014 in overall “information security incidents”
  • In the financial services industry, the three most common data targets are employee, customer, and “soft” intellectual property
  • For retailers, 2015 marked a 154% increase in security incidents and a 72% increase in reputational damage

PCI DSS provides a simple set of testing and monitoring procedures. Even so, implementing this standard across an enterprise requires the ability to link requirements to controls, policies, and procedures. These may be hidden in organizational silos, requiring practitioners to spend time and effort documenting activities that are being completed across the organization.

Among other IT standards and frameworks, LogicManager assists organizations with PCI DSS 3.2 compliance by enhancing and centralizing control practices to further mitigate risks, with our compliance management software. LogicManager allows organization to complete PCI DSS assessments, track issues, and document control assertions and testing to monitor compliance.

PCI DSS compliance management is most successful when approached with a risk-based perspective. The Prioritized Approach emphasizes practicality and bases its requirements on merchants research, incidents of data breaches, and feedback from Quality Security Assessors (QSAs). Through the process of ERM, PCI compliance can be integrated into a larger Information Security program, streamlining compliance efforts across the business and reducing expense.

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Learn how LogicManager’s compliance management software safeguards thousands of organizations from harmful pitfalls here!

The LogicManager Platform Provides:

  • Change management capabilities, meaning the appropriate part of your business will be automatically notified of any regulatory changes
  • The ability to schedule specific, automatic alerts for assessments, tests, and surveys
  • Seamless integration with email and third-party tools: LDAP, SSO technology, API integration, and data upload functionalities
  • A robust reporting engine that allows you to re-aggregate data however you’d like, enabling you to evaluate PCI DSS compliance through any lens
  • PCI Compliance Requirement

What are the Potential Costs of Noncompliance?

  • Regulatory action – hundreds of thousands of dollars in fines & other penalties
  • Increased audit requirements
  • Lost business – reputational damage & marred brand name
  • Inability to accept payment cards
  • Bankruptcy

PCI DSS Compliance Datasheet

PCI Compliance Management

Regulatory Compliance Datasheet

Regulatory Compliance Management

PCI DSS compliance management is most successful when approached with a risk-based perspective. The Prioritized Approach emphasizes practicality and bases its requirements on merchants research, incidents of data breaches, and feedback from Quality Security Assessors (QSAs). Through the process of ERM, PCI compliance can be integrated into a larger Information Security program, streamlining compliance efforts across the business and reducing expense.