Tag Archive: compliance

PCI Certification vs. Compliance: What Is the Difference?

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Published 12/12/2019

Organizations are often left wondering what is the difference between a certification granted by representatives of the Payment Card Industry (PCI) and that of obtaining compliance.  The Payment Card Industry Data Security Standard (PCI DSS) defines a framework for protecting cardholder data. The framework was developed by the Payment Card Industry Security Standards Council (PCI SSC) and enabled organizations to assess how well they are protecting cardholder data, training staff, and conducting PCI DSS audits. The PCI Security Standards Council enables organizations to become PCI DSS compliant. Accepting payment cards like Visa, Mastercard, American Express, Discover, and JCB are critical to a merchant’s ability to transact business. Cash and checks are becoming rarer in bricks and mortar companies and all…

What Is a PCI Audit?

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Published 07/11/2019

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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Published 03/01/2018

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…

What Is A Compliance Managers Role?

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Published 02/27/2018

Compliance managers act as the C-3POs of the compliance landscape. Similar to C-3PO monitoring etiquette and protocol, compliance managers maintain a company’s legal and ethical integrity through policy planning and enforcement. What is a compliance manager? Your compliance manager, often referred to as a compliance officer, ensures your organization remains within the strict boundaries of regulatory requirements and meets all official standards governing your business. In the same way that C-3PO continually monitored protocols for the Rebellion, your compliance manager oversees all of your risk management activities. What is Compliance? Compliance means following orders and directives. In supporting these directives, compliance managers fulfill five essential functions. After identifying business risks, they design and implement controls as part of your compliance…