Tag: PCI DSS Compliance

The evolution of data governance in Southeast Asia reflects a significant paradigm shift, moving from mere data organization to a strategic approach rooted in data intelligence. Central to this evolving landscape are advanced practices in data discovery and classification, enabling organizations to proactively manage data assets.

The transition to PCI DSS 4.0 is a complex process that demands careful planning and execution. As we delve into this transition, understanding the timelines, objectives, and strategies is paramount to ensure the continued security of cardholder data.

The new PCI DSS 4.0 standards place a razor-sharp focus on security as a continuous process, while adding stringent controls to enhance validation methods. It is therefore imperative that organizations create a well-designed data security and compliance program that continues to evolve and looks beyond the check-box routine.

While PCI DSS 4.0 standards mandate any business that stores, processes, or transmits cardholder data to make substantial changes to their security controls and policies, merchants and service providers are also required to implement stringent controls, especially around authentication, reporting of security events and intrusion-detection systems, among others.

The customized approach offers flexibility to organizations that decide to use different methods to achieve security objectives of PCI DSS requirements by determining innovative controls that address evolving threats and technologies.

The newly released PCI DSS 4.0 continues to be hotly debated and discussed, since its launch on 31st March 2022. This post helps answer some of the frequently asked questions on the new standard including implementation queries, to help create awareness and guide organizations in their transition.

PCI DSS assessment under 4.0 can include both defined and customized approaches but, it must be designed in consensus with the Qualified Security Assessor (QSA). Before considering the customized approach as an option, organizations must ensure that they have robust security processes and risk management practices in place.

The newly released PCI DSS v4.0 is expansive in scope, futuristic in approach and sharper in focus that covers Risk-driven evaluation, Threat-based plan of action, evolving payment form factors and stringent controls to promote greater security for payment data while also offering a great deal of flexibility through customized validation.

With the release of PCI DSS 4.0 round the corner, there is so much anticipation about likely changes and implications. While the core requirements are expected to remain intact, the new standard will likely expand to reflect evolving changes in technology and threat landscape, while also looking to enhance validation methods and procedures.