What your small business needs to know about PCI compliance

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Cybersecurity concerns everyone, even your small business, that you think is too small for auditors and cyber criminals. PCI DSS compliance is optional for all companies, but you will need it if your customers transact with credit or debit cards.

Most U.S. population uses Discover, American Express, and other cards.

What is PCI compliance?


PCI, or payment card industry compliance, is a data security standard for all companies that process and manage credit card payments. This regulation was created to ensure the security and protection of credit card data provided by cardholders. This is why many companies and small businesses use pci compliance for small businesses. This is an important point for all companies that take care of their reputation and take care of their customers and users.

As a business, you need the support of these card companies if you plan to accept credit and debit card payments. The best way to ensure their support is to comply with PCI standards.

The compliance process is expensive and time-consuming, but it"s worth it because it will protect your business and customer information. However, remember that compliance is an ongoing process; thus, you must understand how to achieve and maintain PCI compliance.

How to achieve PCI DSS compliance


Once an assessment is complete, enterprises begin to notice a decline in the effectiveness of their security measures. Understandably, it will be difficult for enterprises to maintain PCI compliance as technology and threats continue to evolve.

The slot machine security measures and controls your business put in place five years ago will stand very little chance against the current threats. Here"s how your business can keep up:

Devote resources to PCI compliance


Once you recognize that your business needs PCI compliance to thrive in the current environment, invest in compliance. If you need help understanding compliance, hire an expert to walk you through the process.

Remember, compliance is more than just controls, measures, and security systems, so include your employees.

Firewalls and the latest security measures will protect sensitive information. However, don"t overlook your biggest vulnerability: your employees. People make mistakes, so train and educate your employees on PCI compliance.

Teach them about security measures and the importance of those measures. Every few years, update your measures and systems and make sure your employees know how to interact with the new designs.

Don"t overlook anything, especially anything related to outdated software, antivirus, etc. For example, if you"re still using Windows 7, it"s time to ditch that old OS and upgrade to Windows 10. According to Microsoft, support for Windows 7 was discontinued on January 14, 2020.

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