News By Tag
News By Place
Follow on Google News
Booth & Partners Keeps Your Data Safe by Being PCI Compliant
By: Booth & Partners
Major credit card companies such as JCB International, Visa Inc., American Express, and MasterCard joined to create this security standard in 2006. The group was then launched as an independent body called the Payment Card Industry Security Standards Council (PCI SSC).
Officially, the regulations are known as the Payment Card Industry Data Security Standards (PCI DSS). Any organization that maintains, transmits, or receives cardholder data must comply with 12 comprehensive requirements for compliance certification.
What PCI Compliance Means for Booth & Partners Clients
Under PCI compliance standards, Booth & Partners protects your business with cutting-edge technology. With the company's tight cybersecurity measures, clients can now reliably conduct online or card transactions with Booth & Partners more easily and efficiently.
PCI DSS is a mandatory rule that all companies must follow. Some PCI DSS requirements include installing firewall configurations, updating anti-virus software, and regularly testing security processes. Now that Booth & Partners is compliant with these rules, the company is protected against prevalent security threats like hacking and data loss.
Why PCI Compliance is Important for Your Business
To process electronic payments such as credit card and debit card transactions, your firm must link to a complicated network of banks, card brand networks, and processors. Connecting to that system involves many opportunities for cybercriminals to infiltrate sensitive data. One vulnerability will open a Pandora's box of privacy violations.
By passing PCI requirements, Booth & Partners help secure sensitive data in an era when fraud can take a financial toll on everyone. Breaches may lead to theft or fraud, and those who don't follow the PCI criteria are more at risk of financial loss.
In the event of a high-profile security breach, your customers will abandon your firm and its brand name. The public will lose trust in your company's ability to protect sensitive credit card information. Legal action, insurance claims, canceled accounts, and payment card issuer fees are potential repercussions of data breaches.
Fortunately, worldwide payment card data is made secure by PCI compliance. These regulations always ensure cardholder data security and help keep your money safe.
To know more about Booth 7 Partner's PCI Compliance, you may visit their website here: https://boothandpartners.com/