21 Jul 2015
PCI-DSS Level 1 Status Confirmed at Woods
The Woods Group is delighted to announce its accreditation as a PCI-DSS Level 1 provider.
Passing this milestone will continue to ensure that data security and integrity of our payment processes remain at the heart of our response handling operation.
PCI DSS is the Payment Card Industry Data Security Standard and is a set of requirements designed to ensure that all companies that process, store or transmit credit card information maintain a secure environment. PCI DSS provides an actionable framework for developing a robust payment card data security process – including prevention, detection and appropriate reaction to security incidents.
The Payment Card Industry Security Standards Council (PCI SSC) was launched on September 7, 2006 to manage the ongoing evolution of the Payment Card Industry (PCI) security standards with a focus on improving payment account security throughout the transaction process. The PCI DSS is administered and managed by the PCI SSC, an independent body that was created by the major payment card brands (Visa, MasterCard, American Express, Discover and JCB).
The Woods Group team has worked over many months on the procedures, policies and infrastructure that underpin this accreditation. We then underwent a rigorous, external and independent audit by Ultima Risk Management (URM) who are a Payment Card Industry Qualified Security Assessor (PCI QSA). We continue to work with URM on maintaining, auditing and refining our process framework going forward.
The Level 1 accreditation is the highest level of accreditation available and is aimed at providers processing 6M or more transactions per annum.
For more information about how we achieved level 1 accreditation please read the full PCI DSS case study.
If you’d like to know more about our rigorous security procedures, policies and standards please get in touch.