Take the hassle out of internal PCI auditing with the right tools

PCI auditing

After a string of high-profile cases, governments are taking extra measures to protect the public’s data from theft and misuse. In 2018, the EU’s General Data Protection Regulation (GDPR) came into effect. It enforces stricter data protection rules on businesses within the EU. 

However, PCI compliance regulations have been in effect since 2006. So, presumably, it’s plenty of time for organisations to become familiar with the regulations. However, new threats appear every year in the world of cybersecurity, making it harder for businesses to maintain compliance.  

PCI levels

As threats to people’s data become more severe, the importance of accurate PCI DSS audits are increasing. However, the type of auditing you need to complete depends on business size and revenue, focusing on how many card transactions you carry out over the course of a year. But it’s the jump from levels three and four to levels one and two that can often land companies in trouble if they don’t have the right team in place for effective auditing and assessments. 

If you’re a level two business, you process between one and six million card transactions annually through all channels: card present, card not present, and eCommerce. You must complete:

  • An annual self-assessment questionnaire (SAQ)
  • A quarterly network scan by an approved scanning vendor (ASV)
  • The attestation of compliance form

Level one merchants process over six million card transactions annually through all channels too. Any global business that processes over six million transactions across all regions may cause the entire business to qualify. You must complete:

  • An annual report on compliance (ROC) through a qualified security assessor
  • Quarterly network scans by an approved scanning vendor (ASV)
  • The attestation of compliance form

Internal auditors

Because of their size – spanning countries, regions, and offices, with thousands of staff on board – many multinational companies have internal auditing teams to help maintain compliance across the grid. Some rely on outsourcing which can be costly. Hiring an internal auditing team not only allows you to satisfy PCI DSS requirements, but you can also maintain compliance in other areas and assess your business. For example, ISO security standards, system and organisation control (SOC), and the health insurance portability and accountability act (HIPAA). 

Hiring internal auditing teams can result in a lengthy and tedious onboarding process, particularly in organisations with high turnover rates. It can seem easier to outsource, costing the business time and money. However, if you automate most of your onboarding process, allowing staff to access the right materials faster, you’ll vastly improve the efficiency of the auditing process. The answer lies in the effective use of technology. 

Inform People is designed with multinational and large companies in mind. To help you maintain compliance, we ensure an easy onboarding process by allowing you to get staff trained, compliant, and on the system in a matter of hours. The platform also automates, schedules, and notifies the relevant staff when you need new audits so compliance becomes a natural side effect of using the system. For more information about Inform People and PCI security, visit our website or get in touch on 0161 713 4104.

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