PCI DSS Compliance

PCI DSS is built on 12 fundamental requirements:

1. Install and maintain network security controls.
2. Avoid using default vendor-supplied credentials.
3. Protect stored account data using encryption or tokenization.
4. Encrypt cardholder data transmitted across public networks.
5. Protect systems and networks against malware.
6. Maintain secure systems and software.
7. Restrict access to cardholder data based on business need.
8. Log and monitor access to cardholder data.
9. Implement strong access control measures.
10. Test networks and systems regularly for vulnerabilities.
11. Maintain an information security policy for all personnel.

Requirement 8.5 mandates the use of Multi-Factor Authentication (MFA) to ensure secure access to payment data environments. This requirement focuses on adding an additional layer of security to access control systems, protecting against unauthorized access and minimizing the risk of data breaches.

As cyber threats grow more sophisticated, complying with Requirement 8.5 is a necessary step in protecting your customers and ensuring business continuity.

miniOrange provides a comprehensive MFA solution designed to meet and exceed PCI DSS 4.0’s Requirement 8.5 by:

• Enforcing secure access controls with multiple authentication methods, including biometrics, OTPs, and push notifications.
• Offering customizable policies to tailor MFA for different roles and scenarios.
• Integrating seamlessly with existing systems, ensuring ease of implementation and compliance without disruption.

The need for PCI DSS 4.0 to reflect Requirement 8.5 stems from the growing sophistication of cyber threats targeting payment data environments. Requirement 8.5 emphasizes the use of Multi-Factor Authentication (MFA) as a critical measure to enhance access security. By mandating MFA, PCI DSS 4.0 addresses the increased risk of unauthorized access and data breaches, ensuring stronger protection for cardholder data. This update aligns with evolving security needs, providing organizations with robust safeguards in today’s threat landscape.

The 6 PCI DSS Compliance Groups are as following:

1. Secure Network Requirements
2. Cardholder Data Requirements
3. Vulnerability Management Requirements
4. Assess Control Requirements
5. Monitoring and Testing Requirements
6. Security Policy Requirements

Ignoring PCI DSS compliance can lead to serious consequences for merchants. Non-compliance may result in hefty fines, potentially amounting to hundreds of thousands of dollars. Additionally, you risk losing the ability to process credit card payments, which can severely impact your business operations. Non-compliance also damages your reputation with major card brands, leading to a loss of customer trust and a significant decline in revenue. Prioritizing PCI compliance is essential to protect your business and maintain a secure and trustworthy payment environment.

The cost of obtaining PCI DSS compliance certification varies by business size. For small businesses, it typically ranges between INR 1,50,000 and INR 3,00,000, while for larger organizations, expenses can fall between INR 5,00,000 and INR 10,00,000 or higher.

PCI DSS compliance levels categorize the specific requirements an organization must meet to achieve compliance. These levels are determined by factors such as the volume of transactions processed annually, the level of risk involved, and the organization’s history of security breaches. Each level outlines tailored regulations to ensure businesses implement appropriate security measures to protect cardholder data effectively.