🛡️ Security

Security is not just important; it's paramount, especially in the realm of financial transactions. The need to protect sensitive data and fight fraud becomes obligatory. The Payment Card Industry Data Security Standard (PCI DSS) is not only a benchmark; it's critical for preventing threats and mitigating risks while ensuring secure transactions.

What is PCI DSS?

PCI DSS is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. Based on transaction volume, this compliance is validated annually. We qualify our product according to PCI DSS Level 4, integrating stringent security measures into the layers of the payment process.

PCI DSS Level 4 pertains to Merchants that process less than 20,000 Visa or MasterCard eCommerce transactions annually or those that process up to one million Visa or MasterCard transactions annually.

Critical Requirements for PCI DSS Level 4 Compliance

1. Maintain a secure network by implementing firewalls and robust security configurations.
2. Protect Cardholder data by applying encrypted transmission of cardholder details.
3. Manage vulnerabilities by updating and patching antivirus software regularly to address security vulnerabilities.
4. Prioritise access control by restricting access to Cardholder data and assigning user access identification.
5. Provide regular monitoring and testing by continuously monitoring and testing systems and applications.
6. Control the network access by reviewing the security logs to detect suspicious activities.

Why does compliance matter?

Non-compliance with PCI requirements can lead to severe consequences, such as financial penalties, reputation damage, and loss of Customers' trust. Thus, maintaining PCI DSS Level 4 is both a regulatory requirement and a crucial component for protecting sensitive data and building a solid foundation for secure transactions.

Things to consider for the account users

1. Apply 2F authentication on your account.

2F authentication makes your Account more secure by requiring users to verify their identity. When you log in to the system, you are asked to enter both the password and verification code sent to the authentication app on your smartphone.

2. Manage passwords correctly.

Creating a password is practically the first step to ensuring your Account is safe and sound.

Make sure your password meets the required preconditions and that no one has access to it. If you are not sure about the safety of password management tools, avoid using them.