The Payment Card Industry Data Security Standard (PCI DSS) has undergone significant changes in version 4.0, introducing enhanced requirements to bolster the security of cardholder data and payment transactions. This blog post provides an overview of the key modifications across different sections of the standard, along with important timelines for compliance with these new changes.
PCI v4.0 is now available, but organizations have time to adjust to the new requirements. The implementation timeline aims to provide ample time for compliance:
These timelines are designed to allow organizations the necessary time to implement the changes effectively and ensure a smoother transition to the updated standard.
A significant change has been introduced in PCI v4.0 regarding roles and responsibilities within each section. Unlike the previous version which focused on documenting security policies and operational procedures, the new version mandates that roles and responsibilities must be explicitly identified and assigned to individuals. This ensures that not only the policies and procedures are documented and known, but also that the specific people responsible for executing the activities within each section are clearly designated, leading to a better understanding and accountability across the organization.
These changes underscore PCI DSS's continued commitment to enhancing data security and protection. Organizations processing payment card data will need to adapt to these new requirements to ensure compliance with the updated standard and maintain the security of their cardholder data environments.
Organizations required to comply with PCI should start preparing for PCI v4.0 now. The new standard introduces many complex requirements that will require significant resources to implement. By starting early, organizations can maximize the time they have to make the necessary changes and avoid incurring last-minute costs.
NetWorks Group recommends conducting a gap assessment to identify where your organization currently complies with v4.0 requirements and where additional steps are needed. A gap assessment is a structured way to identify the gaps between your current security posture and the requirements of v4.0. This information can then be used to develop an action plan for remediation.
NetWorks Group offers a PCI v4.0 Gap Assessment service to help you focus, prioritize, and roadmap your remediation efforts. Our gap assessment will provide you with a clear understanding of your compliance status and a roadmap for bringing your organization into compliance by the deadlines. We can also help you complete the Attestation of Compliance (AoC) or Report on Compliance (RoC) utilizing the v4.0 standard.
As a Qualified Security Assessor Company (QSAC) with over 15 years of experience, NetWorks Group understands that complying with PCI can be daunting. We work with you to determine how PCI compliance applies to your unique business and security strategy and help you intelligently limit your PCI scope where appropriate, reducing cost while ensuring your compliance. Our team combines knowledge of the PCI standard, the security that the standard is trying to achieve, and the related technology domains to deliver tailored recommendations specific to your organization. As security experts, we can also ensure that while you’re becoming compliant, you’re also practically improving your organization’s security effectiveness.
Have a discussion with us to determine if a PCI v4.0 Gap Assessment is right for you.
Published By: Geoff Thornton, Senior Information Security Assessor
Publish Date: September 13, 2023
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