Third-Party Security Assurance - Payment Processing News

Third-Party Security Assurance

In response to the third-party threat, the PCI Security Standards Council has published a guide to help organizations and their business partners reduce risk by better understanding their respective roles in securing card data.

The Third-Party Security Assurance Information Supplement provides guidance practical recommendations to help businesses and their partners protect data, including:

Conduct due diligence and risk assessment when engaging third party service providers to help organizations understand the services provided and how PCI DSS requirements will be met for those services.

Develop appropriate agreements, policies and procedures with third-party service providers that include considerations for the most common issues that arise in this type of relationship.

Implement an ongoing process for maintaining and managing third-party relationships throughout the lifetime of the engagement, including the development of a robust monitoring program.

Implement a consistent process for engaging third-parties that includes setting expectations, establishing a communication plan, and mapping third-party services and responsibilities to applicable PCI DSS requirements.

One of the big focus areas in PCI DSS 3.0 is security as a shared responsibility. This guidance is an excellent companion document to the standard in helping merchants and their business partners work together to protect consumers’ valuable payment information.

 

August 19th, 2014 by