As of June 2008 organizations who processes credit card must comply these 12 new credit card security standards. These 12 new security requirements are standards are made to prevent fraud, hacking, and various other security vulnerabilities and threats, or risk losing this ability and being audited or fined.Any company or government agency that processes, stores, or transmits payment card data must comply with the Payment Card Industry Data Security Standard, a set of requirements to enhance data security. Some of the PCI standards are common sense, such as building and maintaining a secure network through common practices and not using vendor-supplied defaults for system passwords.The following 12 security guidelines will be mandatory for any organization that processes credit cards.
- Build and Maintain a Secure Network
Requirement 1: Install and maintain a firewall configuration to protect cardholder data.
Requirement 2: Do not use vendor-supplied defaults for system passwords and other security parameters.
- Secure Data
Requirement 3: Protect stored cardholder data.
Requirement 4: Encrypt transmission of cardholder data across open public networks.
- Maintain a Vulnerability Management Program
Requirement 5: Use and regularly update antivirus software.
Requirement 6: Develop and maintain secure systems and applications.
Implement Strong Access Control Measures Requirement
Requirement 7: Restrict access to cardholder data by a need-to-know basis.
Requirement 8: Assign a unique ID to each person with computer access.
Regularly Monitor and Test Networks
Requirement 10: Track and monitor all access to network resources and cardholder data.
Requirement 11: Regularly test security systems and processes.
Maintain an Information Security Policy
Requirement 12: Maintain a policy that addresses information security.
Mark Weatherford, chief information security officer for the state of Colorado Says
PCI compliance is a trend nationally that addresses the fact that some of the hardware and software used to process credit card transactions are simply not secure, since they were designed 15 to 20 years ago and haven’t been changed.
Earlier this year the PCI sent out a notification with a list of different products that are no longer compliant, and later this year those hardware and software pieces will no longer be authorized to process credit card transactions. It requires a significant reinvestment by some organizations to get new equipment.
Source : All Business and Small Business Newz
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