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PCI DSS Risk Assessment in UK2023-03-01T10:53:47+00:00

PCI DSS Risk Assessment in UK

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What is PCI DSS Risk Assessment?

PCI DSS Risk Assessment is the formal action of identifying threats and vulnerabilities that could adversely affect cardholder data security. The Payment Card Industry Data Security Standard (PCI DSS) mandates organizations to conduct an annual PCI Compliance Risk Assessment to identify the threats and vulnerabilities that may have a negative impact on their organizations.

Our PCI Risk Assessment in the UK helps organizations proactively detect, prioritize and handle security risks impacting their Cardholder Data Environment (CDE).

Fulfilling the requirements of PCI DSS Risk Assessment is a critical need on your way towards PCI Compliance. Security risks are always dynamic. Based on PCI Risk Assessment guidelines, we help you proactively detect existing security weaknesses and help build a concrete posture for future threats. PCI DSS risk assessment is one of our flagship payment security services aiding organizations to completely document potential security risks and vulnerabilities.

What you should know about PCI Risk Assessment

What you should know about PCI Risk Assessment

Annual Risk Assessment

The PCI Risk Assessment is an annual activity. However, you should perform the risk assessment after a significant change in your cardholder data environment.

Formal Process for PCI RA

The PCI Risk Assessment shall follow a formal process to identify threats and vulnerabilities associated with the assets which are part of the CDE or affect the CDE.

Third-party Risks

Your PCI Risk Assessment should include the services outsourced to third-party vendors. Organizations need to perform third-party risk assessments, and risks should get identified as part of contracts.

Asset Identification

Our PCI Risk Assessment incorporates all payment channels and assets that are in primary and secondary scope or otherwise impact the security of CDE.

Formal reporting of PCI Risks

The identified risks get documented in formal PCI Risk Assessment reports. Here, risks are ranked and prioritized for a mitigation plan.

Risk Mitigation plan

Your PCI Risk Assessment should include the services outsourced to third-party vendors. Organizations need to perform third-party risk assessments, and risks should get identified as part of contracts.

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How can we help?

Identify the Assets impacting the security of CDE

We help define the complete scope of PCI Compliance and identify the Assets & payment channels to assess the risks.

Conduct Risk Assessment Workshops

ValueMentor assessors will conduct PCI Compliance Risk Assessment workshops for the key stakeholders.

Perform PCI Risk Assessment

We perform PCI Risk Assessment as a hand-on-hand engagement process based on PCI risk assessment requirement and compliance mandates.

Perform Vulnerability Assessments

Our team works collaboratively with your team members to perform the vulnerability assessments that help you draw a clear picture of all existing security weaknesses on your way to PCI compliance.

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Frequently Asked Questions (FAQ)

1. What are the PCI compliance levels?2023-02-28T05:44:36+00:00

There are 4-merchant levels based on Visa transaction volume over a 12-month period. Transaction volume is computed based on the aggregate number of Visa transactions (including credit, debit and prepaid) p a merchant.

Merchant levels as specified by Visa: –

  • Any merchant processing over 6M Visa transactions per year, regardless of acceptance channels, falls under Level 1.
  • Any merchant processing 1M to 6M Visa transactions per year, regardless of acceptance channel, falls under Level 2.
  • Any merchant processing 20,000 to 1M Visa e-commerce transactions per year, regardless of acceptance channel, falls under Level 3.
  • Any merchant processing under 20,000 Visa e-commerce transactions per year, regardless of acceptance channel, falls under Level 4.
2. Do organizations using third-party processors require PCI DSS compliance?2023-02-28T05:45:21+00:00

Yes. Using third-party processors does not exclude the organization from PCI DSS compliance. It might reduce their risk exposure and lower the effort to validate compliance. However, it does not mean organizations can skip the PCI DSS.

3. If my business has multiple locations, does each location required to validate PCI compliance?2023-02-28T05:45:57+00:00

If your business locations function under the same Tax ID, then you must validate once annually for all locations. Also, submit quarterly passing network scans by a PCI SSC Approved Scanning Vendor (ASV) separately for all locations, if applicable.

ValueMentor

ValueMentor is one of the trusted and leading cyber security services company providing a broad portfolio of security services across the globe. We offer security testing services, risk management services and managed security services. We help our customers gain confidence with our security binding.

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ValueMentor Infosec Limited
Hub 9, Pepper House, Pepper Road, Stockport – SK7 5DP

Email: sales@valuementor.com

Phone: +44 161 738 1668

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David Joseph

AVP – PAYMENT SECURITY SERVICES

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