Major
Card Companies Form PCI Security Standards Council
Effective,
October, 2006: MasterCard, Visa, American Express, Discover, and JCB have agreed to establish the PCI Security Standards
Council, LLC which will assume responsibility for administration of the PCI Standards that will apply to any organizations
that store, transmit, maintain or process cardholder data.
In addition,
PCI Security Standards Council will be responsible for certification of authorized scanning vendors and qualified security
assessors.
The
PCI Standards remain a set of data security standards to which banks, online merchants and member service providers (MSPs)
must comply, or face the possibilities of fines and loss of privileges should a data security breach occur.
Collectively, these requirements are known as The PCI Standards which include MasterCard's Site Data Protection (SDP) program an Visa's Cardholder Information Security Program
(CISP).
The PCI Standards require that merchants engage PCI Security Standards Council approved scan vendors to run
remote vulnerability scans on a quarterly basis to identify critical network vulnerabilities.
All significant vulnerabilities must be fixed and a compliance scan run must indicate a "Passed" rating. This report
must be submitted to the acquiring bank with the approved scan vendor generated report with vendor name and certificate number
to be accepted as proof of compliance with the PCI Standards.
In addition, The PCI Standards require that the PCI Self Assessment Survey be
completed and attached to the annual certification report.
There are
FOUR LEVELS based on transaction volumes which dictate the requirements to be met by the online merchant or service provider
that stores, processes or maintains cardholder data.