What is PCI DSS (Payment Card Industry Data Security Standard) Certification in Singapore?
PCI DSS compliance and certification in Singapore is one of the most stringent and coveted security standard in the industry today. Payment Card Industry Data Security Standard (PCI DSS) is a standard information security designed for organizations that handle, accept, process, store or transmit credit card information to maintain a secure environment. PCI compliance helps businesses to reduce and minimize the risk of their payment systems from getting breached and theft of cardholder data.
PCI DSS Certification is an International standard that details out the prerequisites related to a Payment Card Industry Data Security Standard (PCI DSS).
The PCI DSS compliance and certification requirement in Singapore specifies that:
- Organizations should implement specific requirements for (a) merchants and (b) service providers, and
- Organizations should identify and implement applicable level (Level 1 to 4) according to the number of annual transactions processed.
- Organizations and online retailers must follow the compliance when storing, processing, and transmitting their customer’s credit card data.
Quality Catalyst is one of the best consulting firms that offer PCI DSS Certification and Consulting in Singapore. While PCI DSS compliance and certification is a required standard for any company that accepts, stores, processes and/or transmits cardholder data, yet there are certain differences in the requirements for each company based on its annual number of payment transactions which involves the cardholders physical card or card data. Depending on your business size and annual payment transactions, we can help you secure your business in the best possible manner.
What are the steps to achieve PCI DSS Compliance and Certification in Singapore?
In times of widespread concern about cyberattacks and phishing attempts, it turns out that there’s a clear roadmap to protect your business from malicious hackers — your business only needs to pursue PCI DSS Compliance and Certification.
- STEP 1: Determine your PCI level
- STEP 2: Understand the penalties for failing to meet these standards
- STEP 3: Complete a self-assessment questionnaire
- STEP 4: Build and maintain a secure network that protects cardholder information
- STEP 5: Fill out a formal attestation of compliance and file paperwork with credit card companies
Benefits of PCI DSS Compliance and Certification in Singapore
PCI DSS compliance and certification in Singapore is a demonstration that a company has taken steps to protect its systems and infrastructure. Following are the benefits
- Builds trust with your customers. Helps you to meet global standards
- Prevents data breaches and avoids penalties/fines imposed by banks or card companies.
- Boosts customer confidence and helps in increased transactions and revenue.
- Brings peace of mind and helps in staying competitive in the marketplace.
How to avail PCI DSS Consulting and Certification Services in Singapore?
PCI DSS Compliance and Certification is a highly accepted and implemented standard in Singapore because of the country’s popular economic, political and cultural reputation. Though the decision to avail our services is yours, here is how to get PCI DSS Consulting and Certification in Singapore. Drop an enquiry to us and we will assign a dedicated expert who will provide a free consultation on the process and give a cost proposal suiting your exact requirement and budget. We provide PCI DSS Certification and Consulting services in Singapore and in prominent regions like Johor Bahru, West Region, East Region, Tampines, Woodlands, Sengkang, Yishun, Hougang, Choa Chu Kang, Punggol, Ang Mo Kio, Bukit Batok, Bukit Panjang, Serangoon, Clementi, Jurong East etc.