What Is PCI DSS?
Let us get into the basics and first know what PCI is. The Payment-Card-Industry Data Security Standard or PCI DSS is the set of those security standards that are designed for ensuring all companies accepting, processing, storing, or transmitting credit card info to maintain a properly secured environment. The requirements for PCI DSS include a set of stringent security protocols, which business houses need to implement for protecting their credit card data and also for complying with this Standard. These requirements were initially put forth as well as maintained by the PCI Security Standards Council.
What Is the Need for PCI?
Now that we have understood what PCI lets us know, what is the need for PCI? The PCI DSS is needed for all businesses, which are, in any way, transacting with the help of credit cards. Many healthcare firms, as well as hospitals, also need PCI compliance along with HIPAA compliance as two essential parts of their enterprise security portfolio.
What Is the Importance of PCI DSS?
Patient Data security is prime, and thus the need for PCI cannot be averted for those medical entities that are processing, accepting, storing, or transmitting credit card info. Even though PCI DSS is implemented by almost all objects that are processing, storing, or transmitting cardholders’ data, formal validation for this PCI DSS compliance is not a mandatory thing for all those entities. Presently, both Visa and MasterCard, need merchants, as well as service providers, are validated as per PCI DSS.
Why Is PCI Compliance Needed inspite of HIPAA Compliance?
Some healthcare firms need both HIPAA compliance and also PCI DSS compliance, including covered entities as well as business associates, which are accepting credit cards, debit cards, or other such payment generation cards. Many people have this belief that if they are compliant with any one of these two, then it would cover the other. This thought is so not correct. PCI and HIPAA are two separate and distinctive sets of security requirements. And each one of these is specially designed for different information types. On the one hand, HIPAA is designed by Government bodies that are trying to protect crucial citizen data. On the other hand, PCI is created by the private industry for reducing fraud-related costs as per the loss of payment card info.
How Can a CASB Help Enterprises with PCI DSS Compliance?
Cloud has immersed into the systems so much so that today’s work systems are cloud-run. With sensitive medical information, data storage over cloud data centers is highly risky. In light of the benefits offered through these cloud-based work practices, this fact cannot be negated that even medical centers cannot do without cloud working systems, and they are a kind of indispensable now. But again, this creates many security gaps and lapses into the systems, making the sensitive patient medical records and other personal data, including their card info prone to leakages, thus inviting crimes.
CASB solutions can, therefore, really help enterprises with PCI DSS compliance. These solutions are customized to meet specific requirements of respective medical offices and are deployed as per the need that is generated in that particular medical center. With the superlative presence of cloud run operations, only a CASB can provide that extra security layer protecting the medical organizations from any damaging data thefts. Using a CASB solution encompasses many security protocols made through restrictions and policies imposed on users, thus ensuring enterprise security from the grass-root level.
CloudCodes CASB Solution for Finance Industry
At CloudCodes, enterprise data security is of great significance. IP restriction, a feature nested under Access Control solution helps in Whitelisting networks and connected devices, which have been accessible from a shared dashboard. CloudCodes for G Suite allowed the company to add that extra cloud security layer by protecting the firm from any of the unauthorized user access attempts from outside the organization and that also without having to compromise with G Suite benefits. G Suite hand-in-hand with CloudCodes CASB solution enabled the enterprise to get much secured cloud access.