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In 500 words or more, explain PCI compliance to the database administrator at a large retailer....

In 500 words or more, explain PCI compliance to the database administrator at a large retailer. Consider the consequences for non-compliance. 

Use at least three sources. Include at least 3 quotes from your sources enclosed in quotation marks and cited in-line by reference to your reference list.  

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Answer #1

PCI Compliance:

In simple words, PCI compliance is something that all merchants should comply to if they accept debit and credit cards in order to protect cardholder data. The compliance depends on your transaction volume.

The security rules put down by Payment Card Industry (PCI), if you capture account numbers, CVV, card expiration dates, etc. then you are compliant to PCI so that you won’t have the risk of accusation of credit card fraud, or high fines for non-compliance etc.

There are several requirements set down by PCI in order to prove that you are compliant. They are:

1. Install and maintain a firewall configuration to protect data.

2. Protect stored data

3. Use and regularly update anti-virus software

4. Restrict physical access to cardholder data

5. Maintain a policy that addresses information security

6. Assign a unique ID to each person with computer access

A database administrator should keep these guidelines in mind and ensure enough security to the database that stores these sensitive data.

Importance of PCI compliance to retailers:

Retailers are an easy target to cyber criminals because usually retailers are not bound to have enough security in their system to protect card related data. Also, many retailers use ‘card-not-present ‘transactions in their online stores, so it is impossible to keep track of the identity of the users, so anybody can login and misuse the site.

What if the retailer is not compliant?

- There is a lot of fine incurred if the retailer is not compliant to PCI.

- Also you may be incurred higher cost for compliance if you are not regular in updating them.

- Merchant license can also be revoked

- In certain cases, you will not be allowed to use certain cards.

Conclusion

In today’s world, if data is not well protected it can put your risk in a very high risk, and it is necessary to take all the best possible steps to prevent a data breach from happening and PCI compliance will be the best way to do it and protect your business.

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