Data security is something you tend to take for granted; that is, until the day comes that your personal credit card number receives an unauthorised charge.
Credit card fraud is and is becoming more of a global problem. Conservative estimates of the total cost of fraudulent credit card transactions run into the hundreds of millions. As was seen in recent high profile data breaches at Sony and Lush Cosmetics, an organisation’s reputation and assets are constantly vulnerable to attack from unscrupulous individuals.
As a company that handles millions of credit card payments every year on behalf of thousands of businesses, Debitsuccess is consistently aware of our responsibility to keep customer credit card data secure, and we are proud of the fact that we have always maintained the highest level of data security for our clients.
To demonstrate our commitment to data security, Debitsuccess has been accredited as being Level One compliant with the standards set out by the Payment Card Industry Data Security Standard (PCI DSS).
PCI DSS is a globally recognised information security standard for organisations that handle credit cardholder information. Originally set-up in 2004 by five major international credit card companies, the standard was created expressly to increase controls around cardholder data to reduce credit card fraud.
While Debitsuccess has been a PCI DSS compliant company for a number of years, the new additional rigorous requirements introduced by the PCI DSS Council demands even greater security measures within the standard.
Although Debitsuccess does not currently process the number of transactions that would require an external assessment to accredit the company as being Level One PCI DSS compliant, to reinforce the company’s commitment to data security, this external assessment was undertaken and the highest level of compliance was achieved.
What’s more, Debitsuccess sought compliance under the latest ‘version 2.0’ Standard, which is not a compulsory requirement until 2012. Having now achieved compliance, Debitsuccess is one of the few companies in Australasia to meet the latest Level One PCI DSS version 2.0 requirements. This means we have now achieved the ultimate level of compliance possible within the PCI DSS regime.
We feel a great sense of accomplishment and pride in meeting the extremely rigorous requirements of PCI DSS, and know that our clients will appreciate it too. The compliance process is a complex undertaking with significant cost implications. Debitsuccess can assist in reducing the uncertainty surrounding the achievement of PCI DSS Compliance. We are happy to answer any questions you may have relating to how PCI DSS might apply to your organization.
If you do business with Debitsuccess, you can rest assured that we will continue our commitment to staying on the leading edge of information security in Australasia to protect the customer data in our care.
Click here to watch the video of David and Roger discussing how Australian and New Zealand based businesses are becoming “soft targets” for malicious hackers because they are lagging significantly behind the US and UK in achieving compliance with the Payment Card Industry Data Security Standard (PCI DSS).