Payment Card Industry (PCI) compliance is the observance of a set of security criteria for protecting card data throughout the course of a financial transaction and after its completion. If you have an eCommerce or are willing to start one, make sure to hire Magento 2 Development Company, they will make sure your store complies with PCI standards.
As the eCommerce industry is growing, the volumes of transactions through cards are also increasing. But cyber-attacks are also increasing, so there is always a threat of data theft. So, PCI compliance was formed to protect the crucial data of the customers. Every merchant involved in the online selling of products & services has to comply with these standards.
Any online business that fails to comply with the PCI standards may lose their customers’ data and be entitled to pay hefty fines. Thus, if the business wants to run its operation smoothly, it has to ensure that it complies with all the PCI standards.
You can also take the assistance of professionals to ensure that your eCommerce store is PCI compliant. You can hire Magento developers USA; they will not only help you in following PCI standards but will also help you in designing your store in a professional way.
Impact of PCI Compliance on eCommerce businesses
If you have an online store where you store and process the credit card information on your store, then you need to be PCI compliant.
For online vendors that do not store and process the card information of the users, following PCI standards is not necessary for them. If you use third-party payment gateways, then also you can avoid PCI compliance because they store the information; thus, the onus is on them.
For stores that want to escape from PCI compliance, using third-party payments is the best way because then you are not saving the customers’ data; payment systems do it. However, it is good to follow these standards as it secures the data of your customers, as well your data.
Best practices for Magento PCI compliance
- Educate & train your employees.
PCI compliance involves technicalities, and thus it is necessary to properly educate your employees about the compliances and train them time-to-time regarding this. Employees are the main part of the organization; they are the people who run the business; thus, they need to be aware of PCI compliance.
2.Take help from experts.
As we said, PCI compliance involves technicalities, and it is possible that you or your employees miss something which can cause a problem for you. Thus, it is necessary to have support from knowledgeable and highly trained experts for all this. So, try to hire professional Magento Ecommerce Development Services.
When you take the help of experts, you no longer need to worry about PCI compliance because these experts or professionals are well trained and experienced for this task. By employing them, you can also save your precious time, which you can use in other important business activities, where your presence and attention are more necessary.
3. Check the installed plugins and extensions.
In an eCommerce store, we use a lot of plugins and extensions to increase the store’s functionality. But, in this process unknowingly, we may install a plugin or extension that can cause damage to the consumers’ data.
Try to ensure that your plugins and extensions are compliant with PCI, so keep a regular check on them. Also, if possible, try to use fewer plugins and extensions; through this, you can reduce the security risks.
4. Document your security policies and compliance reports.
Monitor your security policies regularly, and keep track of any modifications or operational regulations in your firm. Your security and compliance are authenticated by both the PCI Report on Compliance and the attestation of compliance.
By following this practice, you can know whether or not your Magento store is secure enough to store & process the card data of your customers.
5. Partner with a hosting provider.
You can also partner with a hosting provider who can help you in PCI compliance. There are many hosting providers out there, but all of them may not assist in compliance. So, make sure to hire only those who can aid you in this process.
6. Ensure ongoing maintenance.
PCI compliance is a regular process, not a one-time event. It requires persistent efforts from your side. Thus, you must perform security scans from time to time and update the security on time.
Magneto configurations keep changing time-to-time. So, without maintenance, you may lose PCI compliance which means putting cardholders’ data at risk. Thus, you need to ensure ongoing maintenance.
7. Ensure secure checkout.
Secure checkout is necessary for the safety of the cardholders’ data. You can take the help of an authorized scanning vendor to secure the payment processing on your store. You can also use an SSL certificate for this purpose.
8. Use a SaaS PCI-compliant payment application.
You may utilize the CRE Secure, which is PCI compliant, as an example. The consumer is directed to a different website (the URL changes), but it may adjust the form to match the design of your shop.
Finally, we would say that with the rise in people’s interest in online shopping, the number of online transactions has also increased. Today, millions of people make online payments while shopping from an online store. But the increase in cyber-attacks has also increased the risk of customer data theft, which is a big problem.
To eliminate the risk of data theft, PCI compliance was formed. So, the online sellers must make sure they follow all the PCI compliance standards to protect the data of their customers and their own data.