The Art of PCI Compliance – Risk Assessment

The Payment Card Industry Data Security Standard (PCI DSS), is "a set of comprehensive requirements for improving payment account data protection." To put it differently, PCI provides a set of strategies to safeguard the confidentiality and integrity of information. Terrific place to begin – but it is just part of the picture.  To discover more details about enterprise risk management you may check here https://www.riskmate.uk/.

The Art of PCI Compliance - Risk Assessment

Evaluate the Risk

1) How – identifies the culture of a company. A risk assessment must analyze the effects of values and behavior on the overall security posture. The behaviors which are incentivized by management priorities have to be considered; they may concentrate on business expediency at the cost of security.

2) The Weather – refers to seasonal changes in organizational priorities. A risk assessment must take patterns of organizational behavior into consideration. This step in the process is eased by alliances with business stakeholders.

3) The Terrain – refers to the technological and competitive landscape both inside and outside the organization. Most safety professionals are engaged to assess external dangers. The inner landscape, however, presents greater problems, barriers, and opportunities of which we have to be aware. Organizations must understand the nature of the information stored, processed, and sent by their own infrastructure. 

4) The Direction – refers to people who promote the corporate targets and enable those aims through strategic and operational initiatives. We have to evaluate what role those leaders will perform in the PCI implementation and how they affect the overall risk position. By understanding our end-client – the company – you can architect a management strategy, and supporting strategies, that address risk while encouraging management priorities.