Understanding regulations, accreditations, and standards
An organization needs to demonstrate to customers and partners that they have implemented standardized and recognized business practices. This makes it clear to the partner or the customer that the product or service satisfies their requirements. In many cases, a failure to implement the appropriate controls will result in a failure to attain the appropriate accreditation. If controls and standards are not maintained, the business faces the risk of being stripped of accreditation. We will take a look at some examples of regulations, accreditation, and standards.
Payment Card Industry Data Security Standard (PCI DSS)
PCI compliance is necessary if an organization intends to process debit card or credit card transactions and intends to store cardholder data. Such activities are overseen by the Payment Card Industry Security Standards Council (PCI SSC). The main reason for this council is to oversee and govern the security...
