Stax

JULY 16, 2024

If merchants are exposed to security vulnerabilities when processing digital payments, the risk of cardholder data falling into the wrong hands increases exponentially. This is why PCI DSS compliance is critical. In this article, we’ll discuss why your business needs to ensure PCI compliance and what the 12 PCI DSS v4.0

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Payments Source

JULY 27, 2018

The ongoing threat of data breaches serves as a reminder that every business is subject to PCI DSS compliance, no matter their size.

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PCI DSS Breach Compliance Data Breach 90

PYMNTS

OCTOBER 5, 2020

The panel’s standards apply to all entities that accept credit or debit card payments and are intended to ensure that these organizations are working to reduce their risks of security breaches and to minimize the damage of attacks that slip through their defenses.

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Data Breach Breach PCI DSS Compliance 82

Evolve Payment

NOVEMBER 19, 2024

Table of Contents PCI Compliance in a Nutshell PCI compliance, also known as the Payment Card Industry Data Security Standard , or PCI-DSS, is an important standard that major credit card companies like Visa and Mastercard have adopted to protect themselves and their merchants from the risks associated with exposed cardholder data.

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PCI DSS Compliance Processors Breach 94

Payments Source

JANUARY 14, 2018

With less than three months before the PCI DSS Requirement 8.3

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PCI DSS Authentication Breach Data Security 79

VISTA InfoSec

JUNE 3, 2024

According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords. In such attacks, cybercriminals exploit weak or reused passwords to breach multiple accounts, leading to significant data breaches and financial losses. PCI PIN and PCI DSS: Standards for securing payment card data.

MFA 130

MFA Credential PCI DSS Compliance 130

Basis Theory

OCTOBER 1, 2024

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Failure to meet these standards could result in fines or bans as a merchant or service, rendering you unable to process payments or send payment data with the major networks.

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PCI DSS Compliance Encryption Assessments 88

Stax

MARCH 4, 2024

TL;DR The PCI DSS determines security protocols and sets the standards for payment security. Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. Q: How do I ensure online payment security?

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PCI DSS Payment Security Security MFA 88

Payments Source

MARCH 13, 2018

They all disclosed a major data security breach, and they all remain in business despite what happened. As the names pile up — Equifax, Target, Home Depot, TJ Maxx, etc. there's one thing all of these brands have in common.

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Breach Data Breach Data Security Security 73

Payments Source

SEPTEMBER 16, 2018

Organizations that lack security controls and have experienced a breach can expect auditors, regulators and standards bodies to knock on their doors demanding information, writes Fouad Khalil, head of compliance and SecurityScorecard.

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Stax

SEPTEMBER 17, 2024

While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. What is PCI Compliance?

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Credit Cards PCI DSS Compliance Process 88

PYMNTS

APRIL 29, 2016

Feedback came from 700 firms participating in the council’s network, along with industry reports on data breaches. A significant change in PCI DSS 3.2 includes multi-factor authentication as a requirement for any personnel with administrative access into environments handling card data.

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Data Breach PCI DSS Data Security Standard (DSS) Breach 40

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Enter the PCI DSS compliance. PCI DSS requirements Businesses must complete a self-assessment questionnaire (SAQ) as part of the validation process.

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Credit Cards PCI DSS Compliance Process 88

Fi911

MARCH 26, 2024

In the event of a data breach, the tokens would be of no value to cybercriminals since they cannot be converted back to the original payment details. It simplifies compliance with PCI-DSS requirements for merchants.

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PCI DSS Encryption Origination Data Security 98

Fi911

MAY 7, 2024

In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated. Merchants may also be removed from the list if they were added for PCI-DSS noncompliance, but have since become compliant. Why Was a Merchant Added to the TMF?

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PCI DSS Processors Compromise Identity Theft 92

PYMNTS

JANUARY 22, 2020

All four of Greece’s main banking institutions enacted security protocols after a data breach, and consequently cancelled 15,000 consumer cards, according to reports. A key source of the inquiry is whether or not the tourist website follows the Payment Card Industry Data Security Standards (PCI DSS).

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PCI DSS Data Breach Breach Compromise 52

Clearly Payments

JANUARY 8, 2024

Security, Compliance, and Regulatory Risk: Cybersecurity risk involves the threat of data breaches and unauthorized access to sensitive payment information. Hackers may exploit vulnerabilities in the merchant’s system to gain access to customer data.

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Risk Management Risk PCI DSS Process 68

Payments Source

MARCH 26, 2018

Driven by big breaches like the Equifax incident, all stakeholders in card payments will have to demonstrate multi-factor authentication, writes Michael Magrath, director of global regulations and standards at VASCO.

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Breach Authentication Regulations PCI DSS 83

PYMNTS

DECEMBER 4, 2017

McAfee Labs recently published its 2018 Threats Predictions report , and after a year of high-profile cyberattacks and data breaches, analysts say the threat won’t let up in the new year. If there’s one thing the enterprise has learned this year, it’s that a data breach can happen to any business — including small businesses (SMBs).

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Small Business Data Security PCI DSS Data Breach 54

Exact Payments

FEBRUARY 5, 2024

However, with progress comes responsibility, particularly when it comes to safeguarding sensitive payment card data. Enter the Payment Card Industry Data Security Standard (PCI DSS): a comprehensive framework that sets forth stringent rules and regulations to ensure the secure handling, processing, and transmission of cardholder information.

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ISVS PCI DSS Encryption Authentication 52

Clearly Payments

JUNE 3, 2024

Tokenization not only enhances security but also helps businesses comply with regulatory standards, such as the Payment Card Industry Data Security Standard (PCI DSS) , by reducing the amount of sensitive data they store and handle. It involves merchants replacing credit card numbers with tokens within their own systems.

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PCI DSS Payment Gateways Gateways Payments 59

Stax

MARCH 15, 2024

The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing.

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Process Security PCI DSS Encryption 88

The Fintech Times

SEPTEMBER 24, 2024

. “By automating risk assessments and ensuring encryption and secure data management, regtech not only reduces the chances of human error but also enables continuous monitoring for data breaches, thereby safeguarding privacy in an increasingly complex digital landscape.

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Privacy Compliance PCI DSS Rules 107

Payments Source

DECEMBER 27, 2018

Despite what we assume are dedicated efforts to protect customer’s personal information, hackers are finding the loopholes in businesses’ process and technology data protection life cycle. It happened with Target in 2013, the Home Depot in 2014, and many others since, writes Todd Feinman, co-founder and chief product officer of Spirion.

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Breach Compliance Process Product 112

Stax

NOVEMBER 6, 2023

With payment tokenization, the actual credit card data isn’t stored thereby making digital payment transactions more secure. Besides the enhanced data security, other benefits include reduced risk of breaches, easier regulatory compliance, and compatibility with legacy systems. What are the benefits of data tokenization?

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Encryption PCI DSS Data Security Origination 88

PYMNTS

NOVEMBER 6, 2018

The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. Particularly important for businesses is the “scope” of these standards.

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Payments Source

JULY 11, 2018

Even though much of PCI data is stored and maintained on mainframes, many are currently not being evaluated or scanned accurately for PCI DSS compliance, writes Ray Overby, co-founder and president of Key Resources.

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PCI DSS Compliance Data Breach Breach 63

Stax

JANUARY 8, 2024

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Paypers

APRIL 17, 2017

(The Paypers) Celerant Technology has received PCI QIR Certification, ensuring that ensures every POS implementation complies with PCI DSS Compliance Standards to protect against payment data breaches.

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PCI DSS Breach Addressing Technology 28

Clearly Payments

JUNE 7, 2024

Payment Gateway Tokenizes Data Action : The payment gateway API tokenizes the sensitive payment information. Details : Tokenization replaces the sensitive card information with a secure token, reducing the risk of data breaches. Details : The acquiring bank forwards the request to the card network (e.g.,

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Payment Gateways Gateways API Payment APIs and Integration 59

Payments Source

DECEMBER 12, 2016

Too many data breach reports show that companies suffering compromises were unaware that cardholder data was present in their systems. The Payment Card Industry Security Standards Council wants to fix this.

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Data Breach Compromise Breach Security 63

Clearly Payments

OCTOBER 22, 2024

Terminals should be PCI DSS (Payment Card Industry Data Security Standard) compliant. Make sure your payment systems are updated regularly to protect against fraud and potential breaches. Regularly Update Payment Software : Software updates often include important security enhancements.

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Debit Card Credit Cards Point-of-Sale (POS) Encryption 93

Stax

MARCH 26, 2024

Secure Transactions: Online terminals incorporate security protocols like SSL encryption, tokenization, and Payment Card Industry Data Security Standards (PCI DSS) compliance. Adherence to security protocols, such as PCI DSS compliance is a must. See to it that you have all your security bases covered.

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EBizCharge

JULY 19, 2024

This article will explore five reasons why using PDF forms for payment collection doesn’t meet PCI DSS requirements, highlighting the risks and security gaps inherent in this method. What is PCI compliance? Insecure storage Storing payment card data requires secure systems to prevent breaches.

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PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Payments Source

SEPTEMBER 12, 2017

The reaction to major data breaches has always been to protect card data. But the non-card data that Equifax handled deserved just as much attention, if not more.

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Data Breach Breach PCI DSS Data Security 60

Stax

APRIL 30, 2024

Security and Compliance in Merchant Processing Any business that accepts credit and debit card payments must be compliant with the Payment Card Industry Data Security Standards (PCI DSS). The PCI DSS contains twelve stringent requirements that protect both the merchant and the customer from data breaches and identity theft.

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Process Online and Mobile Banking PCI DSS Debit Card 88

Payments Source

MARCH 14, 2018

There is a growing need for professionals who install and support merchant payment systems to be aware of and trained on critical security controls, writes Mauro Lance, chief operating officer of the PCI Security Standards Council.

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Breach Payments Security PCI DSS 70