Payment Card Industry Data Security Standard (PCI DSS)

Name: PCI DSS Compliance
Brand: Fortanix
Rating: 5 (1 reviews)

payment card industry data security standard compliance

Overview

The PCI DSS is an information security standard, which is administered by the Payment Card Industry Security Standards Council. The standard was created to better control global payment account data security and reduce credit card fraud, while driving education, awareness, and effective implementation by stakeholders. PCI DSS compliance ensures that businesses have a secure environment for processing, storing, and transmitting cardholder data. It includes measures such as data encryption, access controls, and network monitoring to reduce the chances of data breaches and credit card exposure.

The use of the standard is mandated by the major credit card brands -- Visa, Mastercard, American Express, Discover, and JCB -- and validation of compliance is performed annually or quarterly with a method suited to the volume of transactions. The PCI DSS standard is common across all cardholder brands and has different merchant tiers that directly map to how an entity must validate adherence to the PCI-DSS standard.

Failure to comply with PCI DSS may result in serious and long-term consequences and a range of legal liabilities that can escalate quickly. Maintaining compliance with PCI DSS is an ongoing process and should be a top priority for any organization processing credit card payments. PCI DSS mitigates risk of data breaches and payment card data theft and leads to brand reputation, customer confidence, and business expansion.

How Fortanix Helps with PCI DSS Compliance

Cryptographic Security Posture Assessment

Discover, assess, and remediate your encryption key vulnerabilities with powerful insights into your cryptographic security posture across multicloud and on-prem environments for a complete inventory and visibility into security gaps.

Data Encryption and Tokenization

Encrypt data across databases, virtual machines, filesystems, and mutlicloud for complete security and compliance without performance loss. With data tokenization in place, replace sensitive payment and cardholder data with non-sensitive tokens that don't hold actual information.

Encryption Key Management

Centralize encryption key lifecycle management across your IT ecosystem in a single-pane-of-glass. The simplified administrative and operational control also comes with natively integrated FIPS 140-2 level 3 certified HSM, available on-premises or SaaS.

Zero Trust Architecture

Granular Role-Based Access Controls, Quorum Approvals, and other advanced operational and security features ensure that only authorized users can see decrypted payment and personal data, only for a specified duration of the business case.

Tamper-Proof Audit Logging

Access to encryption keys is automatically logged in a centrally viewable tamper-proof global audit trail. There is never any dispute about who accessed what data and when.