PCI DSS Compliance for Your Ecommerce Site | The Journey - YouTube

Channel: GoDaddy

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welcome to the journey today we're
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talking about PCI DSS compliance for
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your ecommerce site
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[Music]
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all right today we have our special
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guest Alicia from security she is the
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security expert today to talked about
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PCI DSS compliance now other than just a
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super long acronym what is it
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so PCI DSS stands for the payment card
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industry data security standards and
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it's a set of regulations that were
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actually created by the major credit
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card company so Visa MasterCard all
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those big ones they got together and
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they created a list of standards on how
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people should be using credit card data
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to keep cardholder safe okay so that
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literally anything credit card right
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totally yeah if you're taking credit
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cards over the phone if you have a
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brick-and-mortar store or if you have an
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e-commerce store you need to be PCI
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compliant all right so why is this PCI
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DSS compliance a thing well it's really
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to keep consumers safe right if you're
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using a credit card online you want to
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feel like you're doing so safely and so
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it's a way to make sure that they're
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penalizing organizations who are not
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taking care of your credit card data so
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57% of consumers actually lose trust in
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an organization after knowing that there
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was a data breach on the site wow that's
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scary right so what happens if we're not
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compliant there can be a lot of
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different things that could happen if
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you're found to be non-compliant after a
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data breach has occurred okay probably
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the worst one is that you can actually
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lose the ability to process credit card
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transactions even if you're using a
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third party payment processor yeah so
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that's not idea that could like tank
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your whole business if you can't take
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credit cards online but yeah you can
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also be fine there can be hefty fines if
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you're found to be an offender those
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fines look like it could be tens of
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thousands of dollars for a very small
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business all right so I'm an ecommerce
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site I know I need to be PCI compliant
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what does that actually mean what were
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the actions that I need to take for sure
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so probably the most important thing is
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to get over to the PCI security
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standards website and take the
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self-assessment questionnaire okay some
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of the requirements have things to do
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with like having a website firewall to
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make sure that you're only allowing in
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good traffic and blocking malicious
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attackers sure obviously changing
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default passwords things like that are
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really important but also there's
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requirements about protecting cardholder
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data and how do you store the data how
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do you transmit the data using an ssl
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certificate is very important to make
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sure that when people are typing in
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their credit card on your
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website when they hit send it's being
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scrambled while it's being sent right I
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mean you taught me this there's no one
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in the middle just sniffing out out that
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traffic right exactly
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I think what's important remember like
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this there's a lot of things that you
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have to do to become PCI compliance but
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it's about protecting your business and
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protecting your customers at the end of
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the day on the security blog we talk a
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lot about different types of Magento
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like credit card stealers but those can
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impact any e-commerce site or e-commerce
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plugins or it can even happen where
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instead of you know actively stealing
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the credit card information from your
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site they could actually infect your
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website and redirect people from your
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payment gateway to a malicious one that
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looks like your payment gateway so not
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only are you losing sales but your
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customers are having their data your
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credit cards stolen too so it's doubly
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awful that you were telling me that was
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happening with like PayPal they would
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basically make a sigh that looked
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exactly like PayPal so nobody was the
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wiser and that is just awful yeah
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basically they're fishing your customers
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by putting up a site that looks very
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similar it's a really terrible problem
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and hackers are getting better at making
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really convincing phishing pages right
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that's super hard to track too because
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you don't know you just think your sales
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are just going down you're trying to
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figure out how to boost it Hills totally
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it could be like one in every three
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sales that they're redirecting and
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you're none the wiser so that's why it's
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important to have a website firewall and
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to also protect your website as well as
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whatever you're using to process credit
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card transactions so thank you so much
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for taking us through just an overview
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of PCI DSS compliance I know it's a lot
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but you've been awesome thank you so
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much it was awesome to be here we'll
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have some more resources down at the
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description below make sure you like
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subscribe to this channel ring that bell
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see you next time
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you