Last Updated | August 29, 2022
As a business owner, you know that it is important to protect your customers’ financial information. This is why you need a PCI-compliant eCommerce store. And if you’re looking for a PCI-compliant eCommerce platform, Adobe Commerce Cloud is the right choice. In this post, we’ll explain why Adobe Commerce is the best platform for PCI compliance and provide some tips on how to get started. So keep reading to learn more!
What is PCI Compliance?
PCI compliance is the act of adhering to the Payment Card Industry Data Security Standard (PCI DSS). This standard was created by major credit card companies to help protect cardholders from fraud and data theft. PCI compliance is required for any business that accepts credit or debit cards.
There are 12 requirements that businesses must meet in order to be PCI compliant:
- Install and maintain a firewall configuration to protect cardholder data
- Do not use vendor-supplied defaults for system passwords and other security parameters
- Protect stored cardholder data
- Encrypt transmission of cardholder data across open, public networks
- Use and regularly update anti-virus software or programs
- Develop and maintain secure systems and applications
- Restrict access to cardholder data by business need-to-know
- Assign a unique ID to each person with computer access
- Restrict physical access to cardholder data
- Track and monitor all access to network resources and cardholder data
- Regularly test security systems and processes
- Maintain a policy that addresses information security for all personnel
Levels of PCI Compliance
There are four levels of PCI compliance, which are based on the number of transactions a company processes per year:
Level 1: More than 6 million transactions per year.
Level 2: Between 1 and 6 million transactions per year.
Level 3: Between 20,000 and 1 million transactions per year.
Level 4: Fewer than 20,000 transactions per year.
What Is Cardholder Data and How to Protect it?
Cardholder data is any personally identifiable information (PII) that can be used to identify an individual. This includes, but is not limited to, full name, Social Security number, date of birth, physical address, and email address. In the context of credit cards and debit cards, cardholder data also includes the card number, expiration date, and security code.
When this information falls into the wrong hands, it can be used for identity theft or fraud. That’s why it’s important to take steps to protect your cardholder data. For example, you should never store this information on your computer or in your email account. And if you’re using a payment processor, make sure they are PCI-compliant (which means they meet the security standards set by the Payment Card Industry).
If you’re a business that accepts credit cards, you’re also responsible for protecting your customers’ cardholder data. This includes ensuring that your employees are trained on proper security measures and that your systems are compliant with PCI standards. If you experience a data breach, you must notify your customers and the credit card companies as soon as possible.
The best way to protect your cardholder data is to never store it electronically. If you need to keep track of this information for billing or customer service purposes, use a secure offline system such as a paper-based file system. And always shred any documents that contain cardholder data before disposing of them. By taking these precautions, you can help keep your customers’ information safe and reduce the risk of identity theft or fraud.
The Importance of Being PCI Compliant
Compliance with PCI standards is important for two main reasons:
- To protect customer data: PCI compliance helps ensure that businesses handle customer data in a secure manner. This is important because if customer data is compromised, it can lead to identity theft, fraud, and other serious problems.
- To avoid fines and other penalties: If a business accepts credit and debit cards but is not PCI compliant, it may be subject to hefty fines from the credit card companies. In addition, they may also lose the ability to accept credit and debit cards, which can be a major problem for businesses that rely on these payments.
To whom does the PCI DSS apply?
The Payment Card Industry Data Security Standard (PCI DSS) applies to any organization that accepts, transmits, or stores any cardholder data. This includes all types of businesses, from small retail shops to large e-commerce websites.
Cost of Non-PCI Compliance
If your e-commerce store doesn’t comply with PCI Compliance within 1-3 months, then you have to pay a penalty of $5,000 per month if you are a small business and $10,000 per month if you’re a large business.
If the duration of non-compliance is 4-6 months, then the penalty would be $25,000 and $50,000 per month, respectively.
If the non-compliance duration is more than 6 months, then the penalty rises to a huge fee of $25,000 per month and $100,000 per month for a large business.
Keep in mind that you may be subject to bans on credit card usage, forensic investigations, customer notifications, liability claims, and more.
In short, PCI non-compliance can be very costly – both financially and in terms of your reputation. It’s important to do everything you can to ensure that your store is compliant with PCI DSS standards.
How Adobe Commerce Can Help You Achieve PCI Compliance
Adobe is a certified PCI solution provider, which means that it can help you comply with PCI/DSS standards. You’ll get a pre-certified infrastructure and integrated payment gateways by choosing Adobe Commerce. This allows you to securely transmit credit card data through direct post API methods or with hosted payment forms.
You can also offer your customers a seamless checkout experience without storing any sensitive data on the Adobe application server. All of these features make Adobe Commerce Cloud an ideal choice for anyone looking to set up a PCI-compliant eCommerce store.
Adobe Commerce provides a PCI-compliant eCommerce solution that is reliable, scalable, and secure. It is the right choice for businesses that require a high level of security and compliance. With Adobe Commerce, businesses can confidently accept payments and protect customer data.
In addition, Adobe Commerce offers a number of features and benefits that make it the right choice for businesses of all sizes. Keep in mind that the security features the platform provides reflect in the Adobe Commerce pricing and Magento pricing. That being said, whether you’re just starting out or you’re an experienced online retailer, we believe Adobe Commerce is the right choice for you.