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

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.

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.