Tag Archive: compliance

What Is a PCI Audit?

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What is a PCI Audit? A PCI audit examines the security of your organization’s credit-card processing system from beginning to end.  During this process, a Qualified Security Assessor (QSA) or your own Internal Security Assessor will determine the effectiveness of your organization’s information security controls. To pass the test, your payment network must meet as many as 281 criteria spelled out in the Payment Card Industry Data Security Standard, or PCI DSS, with which all merchants and their service providers must comply. To demonstrate PCI compliance, your organization must do one of two things:     Have an on-site audit by a Qualified Security Assessor (QSA) or Internal Security Assessor, or     Fill out a PCI DSS self-assessment questionnaire,…

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Here’s Why Regulatory Compliance Is Important

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The phrase regulatory compliance comes with the onomatopoetic groaning sound made by most people involved in it. Despite what many consider the drudgery of rules and pedantic details, regulatory compliance offers several benefits for companies. Why Regulatory Compliance is an Important Part of Business Today Any compliance officer will tell you that financial safety is the first benefit associated with regulatory compliance. Regulatory noncompliance costs organizations steep penalties. More importantly for the c-suite, regulatory compliance provides guidance that helps businesses succeed.  Compliance law evolved to help create parity in the marketplace while offering consumers a sense of security. Enterprises need compliance to prosper ethically. Often, however, regulatory requirements feel like a quagmire dragging down profitability. Easing compliance management burdens with…