The Advantages of PCI DSS Audit and Why Should your Company Get One Today
What is PCI-DSS audit and why is it important?
It is essential that companies examine their security during credit card processing through PCI audit. For auditing a company’s PCI, a qualified security assessor (QSA) or an internal security assessor who belongs to the same company is assigned. The assessor will evaluate an organization’s information security controls. For companies to pass this test, their payment network must match up to 281 of the specified criterions issued in the Payment Card Industry Data Security Standard or PCI DSS Audit, and all associated service providers and merchants must comply with it.
A company must have one of the mentioned two things to establish their PCI Compliance during the PCI-DSS auditing:
1. They can either assign a qualified security assessor (QSA) or an Internal security assessor
2. Companies can fill the PCC-DSS issued self-assessment questionnaire (SAQ). The SAQ may involve an internal audit in most cases
What should a company keep in mind during PCI-DSS Audit?
As a company prepares its audit for the PCI-DSS, taking the following steps into consideration can greatly speed up the process and reduce significant costs:
1. Defining the scope:
This involves the directives mentioned in the framework that apply to a company.
2. Minimising their scope:
Introducing firewalls around a company’s customer’s data and other confidential information, can reduce the risk of exploitation and the potential vulnerability to hacking.
3. Determination of how well a company complies with PCI DSS requirement:
The assessment of a company’s system and how the company can comply with the PCI DSS standards.
4. Testing their controls:
Organizations must test their controls every year before the auditing
5. Gathering the right evidence:
Audits are all about documentation and companies must have all their evidences and sources prepared and ready before the auditer.
