With the growing market of online business there is rapid growth in online transactions through credit cards hence companies involved in this business are required to be secure from all threats and frauds thus being PCI Compliant is a mandate condition.
Being PCI Compliant is not just a suggestion but a basic requirement for all web-based merchants to avoid security breach into their payment transactions and customer information.
Becoming PCI compliant business involves 12 basic requirements with over 200 individual security checks covering all requisites protecting customer’s information and other sensitive data, failing which can incur heavy penalties or even end of business.
The system requirement may vary from basic installation of firewall to something like data encryption before storing to a system and while transferring to another system within network.
Also the websites, applications and databases have to be fully secured by all means such that the encrypted information of customer cannot be breached.
A business is said to be PCI compliant means it has passed all the tests performed by any ASV (Approved Scanning Vendor) and have received a PCI Compliance report from them. Gaining a web seal from such ASVs is an additional advantage.
Though becoming PCI compliant business is a difficult process but at the end of it you are proving the reliability of your system. Consumers are nowadays more suspicious as everyone wants to protect their information from getting breached that could cause loss to them. Hence trust is the only factor that invites more and more customers to any business and becoming PCI compliant increases this trust. It tells the customers that they are undergoing highly secured system from where their information can not be easily breached. It includes several kinds of routine checks, audits and tests ensuring complete maintenance of all security checks.
Having certified by PCI DSS actually helps the business owner grow in a safest manner without losing customers.
Source by Nitesh patel