PCI DSS v4.0 Goal 4: Enhance validation methods and procedures

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At a glance The main takeaway: PCI SSC has issued a 360-page supplemental Requirements and Testing Procedures document. This document provides QSAs extensive clarification and guidance to enhance validation methods and procedures for PCI DSS compliance reporting. Impact on your business: The PCI 4.0 Requirements and Testing Procedure document provides detailed guidance and explanations of…

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The 4 Goals of PCI DSS v4.0

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At a Glance The main takeaway: The PCI Security Standards Council released PCI DSS version 4.0 on March 31, 2022 to replace version 3.2.1. Businesses subject to PCI compliance must understand the significant changes in PCI 4.0 as they plan their transition from PCI DSS v3.2.1 to v4.0. This video is the first in a…

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PCI DSS v4.0 Goal 2: Promoting security as a continuous process

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At a glance The main takeaway: Historically, PCI has been viewed as a point-in-time compliance standard and this explains why many entities have not established capabilities to treat PCI security as a continuous 24×365 process. PCI 4.0 establishes new requirements across the data security standard for security to be managed as a continuous process. Impact…

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PCI DSS v4.0 Goal 3: Increasing flexibility of methods to achieve security objectives

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At a glance The main takeaway: PCI 4.0 provides two validation options for compliance with the DSS. The first is the Defined Approach, which is similar to PCI’s historic approach. The second validation option, or Customized Approach, requires entities to conduct targeted risk analysis, define and then deploy controls against each PCI requirement. Impact on…

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The Pulse on the Economy and Capital Markets: August 22–26, 2022

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At a glance Reducing inflation is the Federal Reserve’s top priority, according to Chairman Jerome Powell, who made the declaration at the Fed’s annual conference in Jackson Hole last week. On the heels of this news, which implies interest rates will remain high for longer, US stocks sold off, and bonds and bitcoin saw declines.…

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The Pulse on the Economy and Capital Markets: August 8 – 12, 2022

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At a glance: The markets were universally enthusiastic as stocks, bonds, commodities and crypto were up across the board last week. The S&P 500 recovered 50% of its year-to-date losses while the Nasdaq rallied 20% from its lows. What’s behind this? Expectations that inflation will mellow, and the Federal Reserve could start reducing rates early…

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