The intelligence behind PCI DSS compliance: How training empowers security experts
If you are a business owner who transacts or conducts business with the use of credit or debit cards then you will know all too well the importance of having the highest quality security measures and firewalls in place. Not only do you want your company’s sensitive information protected but your client’s personal data, this is a level of trust not worth any risk of neglecting.
What this means is that by ensuring your personnel and security staff are up to date and aware of the latest necessary security integrations when it comes to your security, your contact list will have the utmost trust in your work ethos and have peace of mind when it comes to working together or trusting your firm with their information. And, alongside your data breach prevention, it is a legal compliance requirement by the majority of the major card brands such as Visa, American Express, and Mastercard.
It is no secret that cybercrimes and hackers are constantly striving their utmost to gain access to business data and platforms, but by empowering your security team with the most current PCI DSS compliance training procedures they will be ready for anything, and the solutions to detect any threats early on.
So how can you be sure that your team has the best information at all times? While we are aware that new iterations and requirements are periodically added to maintain the highest levels of security, staying on top of things and essentially one step ahead of the game with renewed courses and training for your security staff will ensure a secure platform. By maintaining PCI DSS Compliance measures your business can enjoy a whole host of security benefits. Let’s dive in and see what they are and how by improving your compliance your firm will stay protected.
There is no better feeling than knowing your business data is protected
The main objective of PCI DSS is to optimize the security of sensitive data, but also safeguard card information such as security codes and expiration dates, including card numbers or even worse, identity theft. If you are wondering if implementing these compliance methods is worth the investment, then let these top 5 positives help you make a more well-informed decision.
- Reducing data breach risks
PCI DSS’ data protection procedures and security controls significantly reduce the chance of data breaches occurring. Not only will you prevent these risks but also the legal fees, associated costs, and fines, and more so the reputational damage that can end up far worse than a cyber-hack.
- Fraud protection
As the old saying goes, prevention is better than cure, and with the PCI DSS requirements you can detect possible fraud early on, implement solutions or preventative measures, and reduce the risk of fraud-related financial losses.
- Enhanced customer trust
Repeat customer or client loyalty is a major factor for business success and one way of ensuring this is by instilling a work practice ethos of trust that precedes you. When customers feel safe trusting you with their information your brand grows. Maintaining PCI DSS compliance ensures their cardholder data is secure.
- Compliance with industry standards
Other than the positives that come with the integration of the latest PCI DSS compliance measures, it is also legally required. When clients see your company openly displaying their compliance and commitment to industry standards and best practices, it gives regulators and stakeholders peace of mind.
- Provides a security program baseline
We are all human and wondering whether you are doing enough for your firm’s security and clients will always play on your mind, but having something to measure your security levels against is a big help and can show you where improvements could be made or you may be lacking in specific areas.
When you adhere to the regulatory laws of PCI DSS you know you are measuring against known industry standards. PCI DSS compliance requires strict security foundations, accurately configured firewalls, and anti-virus, encryption, and malware. With these strong security policies in place and following standard practices, it promotes a powerful security posture for your company.
When all is said and done
There is never enough effort you can put in and offer as a business owner responsible for clients and their sensitive personal information. If investing the time, money, and training for your staff means a business that grows, repeats client loyalty, and impenetrable security walls, then it is an investment well worth it.
