Unless you’ve been hiding inside a cave or stranded on a remote island somewhere in the middle of the ocean for the past decade, you are likely aware that the prevalence of cybersecurity attacks has increased exponentially.
There is no denying that Amazon Web Services (AWS) is a popular choice among companies these days. Businesses like to store their data and run their operations through AWS because of the convenience and performance that its cloud-based storage and services provide.
So, you think your data is safe because you stored it “in the cloud”? If your company is amongst a majority of businesses who decide to transfer to the cloud, you might be wondering if you should still be concerned about secure cloud computing. On one hand, you would have lower costs, added control, and a higher level of protection against security breaches; on the other hand, you are not impenetrable or immune to cyberattacks. While some things become safer, there is a whole new set of concerns and security challenges presented once you move to the cloud.
Any business that stores, transmits, or processes payment card data has a responsibility to ensure that those transactions are secure. The Payment Card Industry Data Security Standard (PCI DSS) has a path for that.
The PCI DSS issued a set of 12 high-level requirements known as the PCI compliance checklist. These requirements apply to merchants of all sizes that accept consumer credit and debit cards. At its core, the PCI compliance checklist is designed to protect consumer card data from fraud and data breaches. Although the requirements mandated by PCI DSS are not law, there are hefty fees and fines for non-compliance.
If you were to just listen to the news, you would think that an organization only has to worry about hackers, malware, DDoS, and ransomware attacks. While the biggest threats are commonly from outside cyberattacks, these are not the only concerns a company faces. Companies need to recognize the other significant threat posed to an organization's critical assets: malicious and unmalicious insiders.
Ignorance is not an excuse for failing a PCI DSS audit or, worse yet, being victimized by a data breach. The Payment Card Industry Data Security Standard (PCI DSS) clearly defines responsibilities and guidelines for protecting sensitive information such as credit card numbers.
Media accounts of the theft of personally identifiable information by hackers seem to keep coming like a two-mile-long train—there just seems to be no end in sight.
That’s because cyberthieves stand to make enormous amounts of money selling personal data in bulk on the black market.