What the PCI Requirement 12.4 means for you and your business.
Changes to the PCI Requirement 12.4 were released in April 2016 and raised an endless amount of questions. Thankfully, we’re going to explain some of the changes and what they mean for third party service providers and merchants. With this being said, here’s a look at what the PCI Requirement 12.4 means for you and your business.
Why Updates Were Made
Updates to the PCI Requirement were made simply because of the consistently rising rates of data breaches. In 2015 alone, there was 3,930 breaches that exposed over 736 million records (according to a report by Cyber Risk Analytics). With 288 breaches being incidents involving third parties and 64.6% of the breaches from hacking, updates had to be made to protect customers and ownership of their private information.
Although the security market has dramatically changed over the past decade, the collateral damage associated with a data breach has only gotten worse. PCI has been very forceful in regards to the needs of contractual language between service providers, vendors, and third parties so that data is protected within their guidelines.
PCI Requirement 12.4: What’s New?
Such new requirements added to the PCI Requirement 12.4 are:
So in consideration of the information above, it’s important to see where your business stands in regards to the PCI Requirement 12.4. Thankfully, Haxxess Enterprise Corporation is the trusted choice when it comes to staying ahead of the latest information technology tips, tricks, and news. Contact us at (705) 222 or send us an email at -TECHinfo@haxxess.com for more information.