PCI DSS Compliance in Dubai

 

PCI DSS Compliance in Dubai for businesses dealing with payment card data is given great importance and priority. PCI DSS Compliance is a global payment card data security standard established in the online payment industry. It is a standard created and adopted by major card brands (Visa, Mastercard, Discover, American Express, and JCB) to promote secure card transactions in the industry. So, businesses that deal with these credit card brands need to ensure compliance with PCI DSS.

The payment security standard outlines requirements that mirror the industry’s best security practices. So, any organization or business processing, storing and transmits cardholder data are required to comply with PCI DSS. It is an internationally accepted standard applicable to businesses across the globe. So, businesses that are a part of the payment card industry are expected to ensure PCI DSS Compliance in Dubai as well

What is PCI DSS Compliance? 

The Payment Card Industry Data Security Standard (PCI DSS) is one of the most stringent and comprehensive Information Security Standard designed for organizations that deal with online payment cards. Comprising of 12 requirements and multiple sub-requirements PCI compliance works as a guide for organizations in matters concerning with security of card data. 

Merchants and Service Providers are expected to protect the cardholder data of customers by implementing the highest level of security measures for protecting the systems, networks, and infrastructure comprising the card data. So, technically all Merchants and Service providers are contractually obliged to comply with PCI DSS requirements. This is to reduce and minimize the risk of payment data breaches and theft of cardholder data.

Benefits of PCI DSS Compliance

1.Security is Prime Focus

In PCI DSS Compliance security of payment card data is the prime focus. So, PCI  compliance in Dubai for business means establishing strong payment security measures in the cardholder data environment and the overall IT Infrastructure. Organizations are required to build multiple layers of security including firewalls, antivirus software, techniques of encryption, and software that helps detect and monitor threats in the payment card systems and network. Further, they need to have in places policies, procedures, and processes that support their strategy for overall IT and online payment security.

2.Builds Credibility

PCI DSS Compliance is an international payment security standard in the payment card industry. So, meeting the security standard requirement will help in building a strong business reputation and brand.  PCI DSS Compliance is not just about secure payment but also building strong credibility in the industry. The certification reflects secure operations and handling of card data. So, this builds credibility in the market and automatically a sense of trust among customers. Trust is an important factor in the success of any retail or online business and PCI DSS Compliance will help cement the trust of customers in your business. 

3.Prevents Data Breach

Since PCI DSS is an industry best payment security standard and practice, the chances of a data breach are low. The PCI Requirements outlines a comprehensive list of operational and technical security measures that ensure the highest level of security is met for processing or storing sensitive customer data. So, this way businesses turn out to be less vulnerable targets to cybercriminals. Hacking businesses with strong encryptions, firewall installations, etc. makes it harder for hackers to hack into systems and create a breach. So, achieving and maintaining PCI DSS Compliance is a wonderful way of preventing data breaches.

4.Global Payment Security Standards

PCI DSS is a globally accepted payment security standard and framework. So, be it any business in Dubai that plans to process, store or transmit card data will need to meet the PCI DSS Compliance requirements. This allows organizations to scale their business globally among other international players who are compliant with this international security standard and data protection program. Compliance with this standard gives a competitive edge to businesses on a global platform.