Payment Card Industry Data Security Standard (PCI-DSS)

PCI-DSS, or Payment Card Industry Data Security Standard, is a set of security standards designed to protect card information during and after a financial transaction. Developed by major credit card companies, PCI-DSS outlines requirements for securing cardholder data.

Key aspects of PCI-DSS include:

• 
  Building and maintaining a secure network
  
• 
  Protecting cardholder data
  
• 
  Encrypting transmission of cardholder data across open, public networks.
  
• 
  Strong control access measures, including restricting physical access to cardholder data
  
• 
  Regularly monitoring networks
  

Building and maintaining a secure network

Protecting cardholder data

Encrypting transmission of cardholder data across open, public networks.

Strong control access measures, including restricting physical access to cardholder data

Regularly monitoring networks

Compliance with PCI-DSS is mandatory for all entities that handle credit card transactions, including merchants, processors, acquirers, issuers, service providers, and all other entities that store, process, or transmit cardholder data and/or sensitive authentication data.

Failure to comply can lead to:

1. 
   Financial Penalties: Non-compliance can result in hefty fines from credit card companies and acquiring banks, which can be substantial and increase with the severity of the breach or non-compliance.
   
2. 
   Increased Risk of Data Breaches: Without proper security measures, organizations are at higher risk for data breaches, which can lead to financial loss and reputational damage.
   
3. 
   Legal Consequences: Organizations that mishandle sensitive payment information may face legal action from affected parties or regulatory bodies.
   
4. 
   Loss of Business: Non-compliance can erode customer trust, potentially leading to a loss of business and decreased revenue.
   
5. 
   Operational Disruption: Addressing the fallout from a data breach or non-compliance can divert resources and disrupt normal business operations, impacting overall efficiency.
   

Financial Penalties: Non-compliance can result in hefty fines from credit card companies and acquiring banks, which can be substantial and increase with the severity of the breach or non-compliance.

Increased Risk of Data Breaches: Without proper security measures, organizations are at higher risk for data breaches, which can lead to financial loss and reputational damage.

Legal Consequences: Organizations that mishandle sensitive payment information may face legal action from affected parties or regulatory bodies.

Loss of Business: Non-compliance can erode customer trust, potentially leading to a loss of business and decreased revenue.

Operational Disruption: Addressing the fallout from a data breach or non-compliance can divert resources and disrupt normal business operations, impacting overall efficiency.

How Finite State Helps You Comply with PCI-DSS

Finite State offers a comprehensive solution to support compliance with PCI-DSS by helping organizations improve their software supply chain security and monitor for vulnerabilities. Finite State

• Enforces Secure Coding Practices: Seamless integrations into existing CI/CD pipelines automatically analyze source code and compiled binaries for common security vulnerabilities and coding errors. This allows engineers to identify vulnerabilities hidden deep within legacy code and third-party libraries and detect and address issues early in the development process.
• Offers Real-Time Threat Detection: Integrations with vulnerability databases provide up-to-date information on the latest threats and exploits, allowing for the proactive identification of potential risks before they can be exploited.
• Automates Vulnerability Identification: Using our advanced binary and source code SCA, vulnerabilities can be identified as they’re introduced across the SDLC to help teams keep applications secure.
• Provides Comprehensive SBOM Solutions: Automatically generate Software Bill of Materials throughout the SDLC and easily compile detailed information on all components in your products, including open-source libraries, third-party dependencies, and custom code to improve transparency and identify potential security risks in your software supply chain.

Strong cybersecurity requires a collective effort. Talk to the team today to discover how Finite State can help you comply with PCI-DSS.