The Payment and Card Information Security Standard (PCI DSS) is a set of security regulations created by the major credit card brands. PCI DSS requirements encourage the security of payment and card information through a continuous compliance loop through which organizations assess, repair, and report how data is being handled.
Compliance with the Payment and Card Industry Data Security Standard is a requirement for any business that handles customers' card and payment information. PCI DSS requirements aim to help enterprises retain their customers’ loyalty by ensuring all card and payment information is secured at all stages of data handling.
Large penalties and financial losses could result from non-compliance with PCI DSS, especially in the case of a data breach. What’s more, the major card companies that oversee PCI DSS may actually revoke that company’s permission to accept their card brand for future customer purchases.
As more employees & contractors work remotely, customer data is no longer privy only to the eyes of authorized employees. Company devices/endpoints are increasingly being shared with unauthorized users. Sometimes “innocently” — like giving your kid your company laptop to watch Netflix. And sometimes maliciously for financial gain. Regardless of the scenario, when unauthorized users access customer financial data, it violates PCI DSS compliance and can cause real damage to your security, reputation, and customer trust if sensitive data is exposed.
Whether your PCI DSS compliance journey is just starting or you are already steps ahead, you must read our whitepaper to learn how adding continuous endpoint authentication with ActiveLock on your remote company devices will keep sensitive data safe and help you achieve PCI DSS requirements.