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Casual Articles - Payment Card Industry Data Security Standard - A Twelve Step Program
Mail order is a very complicated business. Every phase must be planned, analyzed and tested. The right demand products must be selected. The correct type of ads must be placed in the proper media and a multitude of other details must be attended to constantly.A great number of people enter the mail order field every week. When they find in many instances that only three responses are received from 100 mailings, or that a $100 ad in a magazine with 4 million readers pulls 15 inquiries, it appears hopeless. Especially after reading the glowing ads portraying the $THOUSANDS$ that can be made overnight from
Level 2: Merchants between 1 -6 million transactions annually. Level 2 merchants must complete annual self assessments and quarterly network scans.
Level 3: Merchants with between 20,000 to 1 million transactions annually. Level 3 merchants must complete annual self assessments and quarterly network scans.
Level 4: All other merchants. Level 4 merchants must complete annual self assessments and quarterly network scans.
Service providers are those businesses that generally are in the payment gateway, host e-commerce sites, credit reporting agencies, paper shredding businesses. They fall into one of three differ
High Definition Update - Paul Wheeler InterviewIn July 2005, I wrote an E-Zine with the headline “High Definition – When?” At the time we saw little demand for HDCAM equipment aside from some clients in the U.S. Seven months later, the situation has changed dramatically. We added two Sony HDW-F900 HDCAM camcorders (Sony’s top of the line HDCAM camera for television and/or cinema) to our stock in January 2006 because of growing demand and see this as the beginning of a trend. And we have just taken a booking for a multi-camera shoot in March with six HDW-F900s.Interview With Paul Wheeler – Soon Availabl
In order to protect cardholder data from theft or fraud, American Express, Visa, MasterCard, and Discover have developed what is known as PCI DSS ( Payment Card Industry Data Security Standards) These standards involve 12 steps needed become compliant, or face fines of up to $500,000, plus legal expenses, and even losing the ability to accept credit cards.
These twelve steps are:
1. Install and maintain a firewall to protect cardholder data
2. Do not use vendor supplied defaults for passwords or other security parameters
3. Protect stored cardholder data
4. Encrypt cardholder data across public networks (I.E. The Internet)
5. Use and regularly update antivirus software
6. Develop and maintain secure systems and applications
7. Assign a unique ID for each computer user
8. Restrict data access on cardholder data to a need to know basis
9. Restrict physical access to cardholder data
10. Track and monitor all access to network data
11. Regularly test security systems and processes
12. Maintain a policy for information security for employees and contractors
Compliance with PCI DSS, can be divided in to 3 main stages,
Collecting and storing: Secure collection and tamper-proof storage of all log data so that it is available for analysis.
Reporting: Being able to prove compliance on the spot if audited and present evidence that controls are in place for protecting data.
Monitoring and alerting: Have systems in place such as auto-alerting, to help administrators constantly monitor access and usage of data. Administrators are warned of problems immediately and can rapidly address them. These systems should also extend to the log data itself – there must be proof that log data is being collected and stored.
Businesses that accept, or process or disposes of credit card information are divided into two groups for PCI DSS purposes. The first group is defined as merchant, the other service provider. Merchants are generally retail, higher education, healthcare, travel, energy and finance businesses. The PCI DSS assigns such business into one of four different levels each with its own compliance process.
Level 1: A merchant has had data compromised or more than 6 million transactions per year. Level 1 merchants must have annual onsite security audits, and scan networks quarterly.
Level 2: Merchants between 1 -6 million transactions annually. Level 2 merchants must complete annual self assessments and quarterly network scans.
Level 3: Merchants with between 20,000 to 1 million transactions annually. Level 3 merchants must complete annual self assessments and quarterly network scans.
Level 4: All other merchants. Level 4 merchants must complete annual self assessments and quarterly network scans.
Service providers are those businesses that generally are in the payment gateway, host e-commerce sites, credit reporting agencies, paper shredding businesses. They fall into one of three differ
When franchise companies are moving fast in the market place they must pay attention to the details. If a franchisor fails to give the required items as outlined in the franchise agreement to the franchisees on the prescribed timeline they risk legal issues and regulatory issues. In addition even if they do provide the items on time, there is a chance later that a franchisee may claim that something was not provided and they will use this to break the franchise agreement, sue or file a complaint with regulatory bodies at the state level or even the FTC, Federal Trade Commission. But if you keep proper records and ha
These twelve steps are:
1. Install and maintain a firewall to protect cardholder data
2. Do not use vendor supplied defaults for passwords or other security parameters
3. Protect stored cardholder data
4. Encrypt cardholder data across public networks (I.E. The Internet)
5. Use and regularly update antivirus software
6. Develop and maintain secure systems and applications
7. Assign a unique ID for each computer user
8. Restrict data access on cardholder data to a need to know basis
9. Restrict physical access to cardholder data
10. Track and monitor all access to network data
11. Regularly test security systems and processes
12. Maintain a policy for information security for employees and contractors
Compliance with PCI DSS, can be divided in to 3 main stages,
Collecting and storing: Secure collection and tamper-proof storage of all log data so that it is available for analysis.
Reporting: Being able to prove compliance on the spot if audited and present evidence that controls are in place for protecting data.
Monitoring and alerting: Have systems in place such as auto-alerting, to help administrators constantly monitor access and usage of data. Administrators are warned of problems immediately and can rapidly address them. These systems should also extend to the log data itself – there must be proof that log data is being collected and stored.
Businesses that accept, or process or disposes of credit card information are divided into two groups for PCI DSS purposes. The first group is defined as merchant, the other service provider. Merchants are generally retail, higher education, healthcare, travel, energy and finance businesses. The PCI DSS assigns such business into one of four different levels each with its own compliance process.
Level 1: A merchant has had data compromised or more than 6 million transactions per year. Level 1 merchants must have annual onsite security audits, and scan networks quarterly.
Level 2: Merchants between 1 -6 million transactions annually. Level 2 merchants must complete annual self assessments and quarterly network scans.
Level 3: Merchants with between 20,000 to 1 million transactions annually. Level 3 merchants must complete annual self assessments and quarterly network scans.
Level 4: All other merchants. Level 4 merchants must complete annual self assessments and quarterly network scans.
Service providers are those businesses that generally are in the payment gateway, host e-commerce sites, credit reporting agencies, paper shredding businesses. They fall into one of three differ
The Internet is a perfect place for you to start your own small business. It requires little capital, you have 24/7 coverage, a worldwide market and other positive aspects. When you want to start your small business online, you have to think of the various things you need to do first.Know What You Want To DoFind an online business system that suits you. If you are selling your own physical products, find a place where you can sell them, for example at Internet auction sites such as eBay or Yahoo!Auctions. There are millions of products currently listed on these auction sites, and millions of online sho
10. Track and monitor all access to network data
11. Regularly test security systems and processes
12. Maintain a policy for information security for employees and contractors
Compliance with PCI DSS, can be divided in to 3 main stages,
Collecting and storing: Secure collection and tamper-proof storage of all log data so that it is available for analysis.
Reporting: Being able to prove compliance on the spot if audited and present evidence that controls are in place for protecting data.
Monitoring and alerting: Have systems in place such as auto-alerting, to help administrators constantly monitor access and usage of data. Administrators are warned of problems immediately and can rapidly address them. These systems should also extend to the log data itself – there must be proof that log data is being collected and stored.
Businesses that accept, or process or disposes of credit card information are divided into two groups for PCI DSS purposes. The first group is defined as merchant, the other service provider. Merchants are generally retail, higher education, healthcare, travel, energy and finance businesses. The PCI DSS assigns such business into one of four different levels each with its own compliance process.
Level 1: A merchant has had data compromised or more than 6 million transactions per year. Level 1 merchants must have annual onsite security audits, and scan networks quarterly.
Level 2: Merchants between 1 -6 million transactions annually. Level 2 merchants must complete annual self assessments and quarterly network scans.
Level 3: Merchants with between 20,000 to 1 million transactions annually. Level 3 merchants must complete annual self assessments and quarterly network scans.
Level 4: All other merchants. Level 4 merchants must complete annual self assessments and quarterly network scans.
Service providers are those businesses that generally are in the payment gateway, host e-commerce sites, credit reporting agencies, paper shredding businesses. They fall into one of three differ
Excellent customer service is imperative in the marketplace today. As a home based business owner you should know the importance of getting and keeping a happy customer. It is the life blood of every business. Many business owners work so hard to get the customer and then blow it by not offering first class service.Small businesses can quite often offer better customer service then most big companies for many reasons. Usually it is easier to add personal touches, keep overhead low, have quicker response time and enhance the customer's experience from start to finish. Each customer's purchase can be seen almos
Businesses that accept, or process or disposes of credit card information are divided into two groups for PCI DSS purposes. The first group is defined as merchant, the other service provider. Merchants are generally retail, higher education, healthcare, travel, energy and finance businesses. The PCI DSS assigns such business into one of four different levels each with its own compliance process.
Level 1: A merchant has had data compromised or more than 6 million transactions per year. Level 1 merchants must have annual onsite security audits, and scan networks quarterly.
Level 2: Merchants between 1 -6 million transactions annually. Level 2 merchants must complete annual self assessments and quarterly network scans.
Level 3: Merchants with between 20,000 to 1 million transactions annually. Level 3 merchants must complete annual self assessments and quarterly network scans.
Level 4: All other merchants. Level 4 merchants must complete annual self assessments and quarterly network scans.
Service providers are those businesses that generally are in the payment gateway, host e-commerce sites, credit reporting agencies, paper shredding businesses. They fall into one of three differ
What is an electrical lineman? An electrical lineman, sometimes referred to as a utility lineman, electric lineman, journeyman lineman or power lineman (after one completes lineman training and after being an apprentice lineman).An electrical lineman installs, repairs and maintains transmission and distribution electric power grids. A lineman works on high voltage wires or conductors and must adhere to the most stringent safety rules and protocols, as electrical work is inherently dangerous. It is very popular to be a member of a union, or the IBEW (International Brotherhood of Electrical Workers).How
Level 2: Merchants between 1 -6 million transactions annually. Level 2 merchants must complete annual self assessments and quarterly network scans.
Level 3: Merchants with between 20,000 to 1 million transactions annually. Level 3 merchants must complete annual self assessments and quarterly network scans.
Level 4: All other merchants. Level 4 merchants must complete annual self assessments and quarterly network scans.
Service providers are those businesses that generally are in the payment gateway, host e-commerce sites, credit reporting agencies, paper shredding businesses. They fall into one of three different levels.
Level 1: All processors and payment gateways must have annual PCI DSS Security Assessments and quarterly network scans.
Level 2: Any service provider that is not level 1 and processes more than 1 million transactions, must have annual PCI DSS Security Assessments and quarterly network scans.
Level 3: Any service provider that is not level 1 and processes fewer than 1 million transactions, must complete annual self assessment and quarterly network scans.
What are the consequences of not complying?
Card companies may impose fines on their member banking institutions when merchants are found to be non-compliant with PCI DSS. Acquiring banks may in turn contractually oblige merchants to indemnify and reimburse them for such fines. Fines could go up to $500,000 per incident if data is compromised and merchants are found to be non-compliant. In the worst case scenario, merchants could also risk losing the ability to process customers' credit card transactions.
Businesses from which cardholder data has been compromised are obliged to notify legal authorities and are expected to offer free credit-protection services to those potentially affected.
There may be other consequences besides the fines. Cardholder data loss, whether accidental or through theft, may also lead to legal action being taken by cardholders. Such a step will result in bad publicity, which may in turn lead to loss of business.
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