PCI DSS, or Payment Card Industry Data Security Standard, outlines global security standards for any organization that processes, stores, or transmits payment card data. Compliance with PCI DSS is mandatory for organizations handling payment card data.
PCI DSS was established to safeguard sensitive cardholder information and minimize the risk of data breaches and fraud. The Payment Card Industry Security Standards Council (PCI SSC) maintains the standard, which was founded by major credit card companies such as Visa, MasterCard, American Express, Discover, and JCB.
The financial consequences of failing to comply with the Payment Card Industry Data Security Standard (PCI DSS) extend far beyond direct fines and penalties. Non-compliant businesses face a range of debilitating setbacks, including suspension of credit card privileges, liability for fraud charges, and mandatory security audits and improvements. The reputational damage resulting from potential data breaches can also lead to loss of customers, revenue, and long-term brand value. Neglecting PCI compliance puts companies at risk of substantial financial injury from regulatory action, legal liability, operational disruptions, and strategic impacts. Staying compliant not only avoids fines that can scale up to $100,000 per month but, more importantly, protects the financial health and viability of the business. Meeting PCI standards safeguards sensitive cardholder data and shelters companies from the severe multiparty consequences of non-compliance.
The PCI DSS consists of requirements and security controls covering various aspects of information security, including network security, access control, data protection, and regular monitoring and testing of security systems. If it had to be distilled down, the checklist below encapsulates what needs to be done.
Blue Cedar can help businesses ensure PCI DSS compliance with Blue Cedar Mobile App Security, which empowers businesses to fortify their mobile apps against potential threats and a secure environment for handling payment card data.
Blue Cedar Mobile App Security can help businesses safeguard sensitive information in mobile apps with advanced security measures that include data protection (e.g., data encryption, secure access controls, encrypted network transmission, etc.) and runtime protection (e.g., jailbreak/root detection, Man-in-the-Middle (MitM) detection, etc.). Specifically, Blue Cedar Mobile App Security can help with the following items in the PCI DSS compliance checklist
Blue Cedar also makes it easy to seamlessly integrate these security features into mobile apps with its Enhance no-code integration service, streamlining the journey towards compliance.
Blue Cedar Mobile App Security and Blue Cedar Enhance are delivered by the Blue Cedar Platform, a CI/CD friendly SaaS solution.
You can try all of what Blue Cedar offers for NO CHARGE with as many mobile apps as you want. Blue Cedar Mobile App Security. Blue Cedar Enhance. The Blue Cedar Platform. All of it is free to use until integrated or secured mobile apps are pushed to production.
Sign up for your free trial of Blue Cedar and confidently navigate the complexities of PCI DSS with the innovative capabilities of Blue Cedar Mobile App Security.