What Is PCI ? Who Does It Apply To ? Who Is Involved With the Compliance Process ? How We Can Stay Compliant ?
PCI (Payment Card Industry)Standards Council Responsible for the development, management, education, and awareness of the PCI Security Standards, including the Data Security Standard (PCI DSS) requirements.
Manage risk associated with credit card activity Protect card data Avoid Punitive measures/damages Minimize cost for non-compliance
Standard applies to: - Merchants (Departments) - Service Providers (3 rd Party, Gateways) Applies if you: - Store Cardholder Data - Transmit Cardholder Data - Process Cardholder Data Applies to: - Electronic Transactions - Paper Transactions
Complete the PCI Self- Assessment Questionnaire (SAQ) Ensures Cardholder Data Is protected - Encrypt Transmission of data Implements Strong Access Controls - Restrict physical access to data Maintain Security Policy - Policy that addresses information security for all personnel
UT Merchants and Usage - UT has over 125 merchants University Wide - Over 960,000 transactions - $165 Million in revenue Potential Fee Assessments $500,000 per data security incident $50,000 per day for non-compliance with PCI Liability for all fraud losses incurred from compromised account numbers Liability for the cost of re-issuing cards associated with a compromise of data Suspension of Merchant Account
UT System Administration (UTSA) – Information Security Office I.T. (System & Campus) Chief Business Office (CBO) Treasurer’s Office Merchant (Departments)
UTSA ( University of TN System Administration ) Information Security Office -Consulting, guidance, and oversight related to PCI compliance and IT Security controls -Review technical implementations related to PCI -Incident response coordination -Quarterly security scan coordination -Validate SAQs annually
IT Position of Authority -Provide compliance support & consulting -Identify & review systems in PCI scope -Provide technical guidance -Ensure a segmented cardholder data environment exists
Chief Business Officer -Approve the business need for Merchant ID’s -Attest to SAQ (signature of CBO) -Monitor PCI compliance
Treasurer’s Office -Oversee credit card accounting for approved merchant -Manage the Merchant ID approval process -Maintain the relationship with the University’s credit card processor
Merchant (Departments) -Complete SAQ annually -Have internal procedures in place -Update terminal software every 18 months -Notify UTSA in the event of a data breach -Financially responsible for cost associated with compliance (Fees, fines, remediation)