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  • Christopher Bulin

Why PCI Compliance is More Than Checking a Box

In our research to help small-to-medium businesses understand the importance of becoming PCI Compliant, we've also found that it's not just on them.

Why ISOs Shouldn't Overlook the many facets of PCI Compliance

In our research to help small-to-medium businesses understand the importance of becoming PCI Compliant, we've also found that it's not just on them, it is on everyone that is part of the payments ecosystem, including the ISO.

We have heard from many partners that they are covered when it comes to PCI. Their acquirer handles it. But here is what we know: ❌ A merchant CAN NOT inherit your compliance from your provider. ❌ Checking a box on a website or questionnaire DOES NOT make you or your merchant compliant either. That leaves merchants and ISOs in a precarious position. One in which they think they are protected but they are not. In the case of a security or data breach, the merchant will be in a world of trouble, facing fines and losing customers. They will look to you, their partner and provider, and wonder why you haven’t protected them.

It's critical that a PCI compliance solution covers the many areas of data and cybersecurity. Below you will see a description and definition of cybersecurity frameworks, all of which a percentage of them can be completed by being 100% PCI compliant. ✅ ITGC - the basic controls that can be applied to IT systems such as applications, operating systems, databases, and supporting IT infrastructure. ✅ HIPAA - The Health Insurance Portability and Accountability Act (HIPAA) sets the standard for sensitive patient data protection. ✅ SOC 2 - is a framework applicable to all technology service or SaaS companies that store customer data in the cloud to ensure that organizational controls and practices effectively safeguard the privacy and security of customer and client data. ✅ NIST CSF - is a set of guidelines for mitigating organizational cybersecurity risks, published by the US National Institute of Standards and Technology based on existing standards, guidelines, and practices. ✅ GDPR - is a legal framework that sets guidelines for the collection and processing of personal information from individuals who live in the European Union (EU) ✅ CCPA - s standardization of compliance between businesses who collect California residents' personal information and the ad tech companies who buy this information. ✅ MICROSOFT SSPA - Supplier Security and Privacy Assurance (SSPA) is Microsoft's corporate program to deliver Microsoft's data processing instructions to our suppliers in the form of the Microsoft Supplier Data Protection Requirements (DPR). ✅ CMMC - Cybersecurity Maturity Model Certification, “comprehensive and scalable certification element to verify the implementation of processes and practices associated with the achievement of a cybersecurity maturity level,” according to the DOD. ✅ FFEIC - is a diagnostic test that helps institutions identify their risk level and determine the maturity of their cybersecurity programs. ✅ NIST 800-171 - NIST Special Publication that provides recommended requirements for protecting the confidentiality of controlled unclassified information. ✅ ISO 27001 - is the international Standard for best-practice information security management systems (ISMS). It is a rigorous and comprehensive specification for protecting and preserving your information under the principles of confidentiality, integrity, and availability.

Exhausted by this list? Are you protecting your merchant with these systems and procedures? If not, you are leaving them vulnerable to PCI non-compliance and data breaches.

Our PCI-in-a-Box solution provides coverage for these frameworks and applicable PCI guidelines depending on your merchant’s business type. And best of all, our solution allows them to easily fill out their self-assessment questionnaire in very little time.

Let us PROVE it to you. Contact us for a demo.

Check out our infographic in the resources

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