Maxconnect Singapore Pte,Ltd is proud to announce it is compliant with Payment Card Industry Data Security Standard 2.0 (PCI DSS). Compliance with PCI DSS is determined by the Payment Card Industry Security Standards Council, an open global forum for the ongoing development, enhancement, storage, dissemination and implementation of security standards for account data protection.
Maxconnect Singapore Pte,Ltd’s Director, Takeshi Kimura, in which he takes a moment to explain that compliance with PCI DSS is to ensure card holders’ payment card data is secure and protected. A data breach at a payments processing firm has potentially compromised credit and debit card information from all of the major card brands. Last year, according to a news reports, a single incident happens caused around 1.5million Mastercard and Visa accounts have been hacked in a major credit card heist. Hackers often took over an administrative account that was not protected sufficiently. Therefore, it is important to protect customers’ online transactions data with PCI compliant.
What is PCI compliance?
Payment Card Industry (PCI) security standards are minimum requirements for protecting your customers' payment card information. Adopted by Visa, MasterCard, American Express, Discover Card, and JCB, PCI compliance is required for all merchants that store, transmit, or process payment card information.
Maxconnect Singapore Pte,Ltd successfully been assessed against the new PCI DSS 2.0 requirements and has met those requirements, therefore, Maxconnect Singapore Pte,Ltd’s merchants will enjoy several advantages over other merchants who don't.
- Boost in customer confidence to processing online transactions through merchants’ website and using their checkout cart.
- Decreased risk of security breaches because PCI compliance able to protect merchants and customers' data.
- Secure and peace of mind for merchants and customers to processing online transactions
With these benefits and more, it will be peace of mind for our merchants and to ensure that their business is running as smoothly as possible.
What are the PCI DSS requirements?
PCI DSS comprises 12 requirements, often referred to as the ‘digital dozen’. These define the need to:
- Install and maintain a firewall configuration to protect cardholder data.
- Do not use vendor supplied defaults of system passwords and other security parameters
- Protect stored cardholder data
- Encrypt transmission of cardholder data across open, public networks.
- Use and regularly update antivirus software or programs
- Develop and maintain secure systems and applications
- Restrict access to cardholder data by business need-to-know.
- Assign a unique ID to each person with computer access
- Restrict physical access to cardholder data
- Track and monitor all access to network resources and cardholder data
- Regularly test security systems and processes
- Maintain a policy that addresses information security for employees and contractors.