What is PCI DSS?
The Payment Card Industry Data Security Standard (PCI DSS) focuses on six overarching goals that are met through twelve requirements, both of which are outlined by the Payment Card Industry Security Standards Council (PCI SSC)
. The core focus of this standard is to emphasize the importance of implementing industry best practices for both operational and technical processes surrounding cardholder data. With this vision, adhering to PCI Compliance allows the organization to attest that its cardholder data security practices are not only in accordance with the payment brands, but that they have a focus on protecting the confidentiality of its customer data.
Payment Card Industry — Data Security Standard Objectives
| GOALS | PCI DSS REQUIREMENTS |
|---|---|
| BUILD AND MAINTAIN A SECURE NETWORK |
1. Install and maintain a firewall configuration to protect cardholder data. 2. Do not use vendor-supplied defaults for system passwords and other security parameters. |
| PROTECT CARDHOLDER DATA |
3. Protect stored cardholder data. 4. Encrypt transmissions of cardholder data across open, public networks. |
| MAINTAIN A VULNERABILITY MANAGEMENT PROGRAM |
5. Use and regularly update anti-virus software or programs. 6. Develop and maintain secure systems and applications. |
| IMPLEMENT STRONG ACCESS CONTROL MEASURES |
7. Restrict access to cardholder data by business need-to-know. 8. Assign a unique ID to each person with computer access. 9. Restrict physical access to cardholder data. |
| REGULARLY MONITOR AND TEST NETWORKS |
10. Track and monitor all access to network resources and cardholder data. 11. Regularly test security systems and processes. |
| MAINTAIN AN INFORMATION SECURITY POLICY | 12. Maintain a policy that addresses information security for employees and contractors. |
Meeting PCI DSS requirements is sometimes a difficult task that can potentially require multiple changes to an entity’s technical environment and business processes. However these changes provide an added layer of security that will ultimately result in better cardholder data protection controls and an elevated level of credibility when compared to industry peers. PCI compliance is often a prerequisite requirement before entities can enter commercial relationships primarily because of the industry respect this compliance status holds.
By becoming PCI compliant, entities are attesting that the controls in their environment not only meet the rigor of the PCI DSS, but that they go above and beyond in protecting their customer and partner cardholder data.
UMB’s PCI Compliance
UMB and its associates take data security seriously and recognize its importance to our customers and business. Recognizing this, UMB embarked on the journey to pursue and achieve Payment Card Industry – Data Security Standard (PCI DSS) compliance. As part of our compliance effort, UMB has implemented a significant number of security controls based on the requirements and guidance within the PCI DSS. These controls are constantly evaluated to ensure that UMB is always in the best position to mitigate risks and ensure we’re following security best practices when handling our customer’s personal data. But most importantly, being PCI compliant gives our customers peace of mind that their privacy and data security is a priority to UMB.