SOC 2 compliance provides a structured approach to ensuring data security, availability, and processing integrity, among other aspects. This article will dive into the specifics of SOC 2 and its impact on cloud security, shedding light on the technical controls, best practices, and the vital role of third-party attestations in bolstering trust between service providers and their clients.
In the financial industry, fraud is a natural and ever-present challenge. Digital banking and international finance have only compounded this problem, and anti-money laundering and fraud laws in the U.S. have evolved to address these issues.
In modern times, the overlap of identity management, authentication, and identity assurance has led to more comprehensive forms of authentication. These verification forms can differ based on the customers, the jurisdiction or industry, or even the technology used to make a payment or secure funds. But, all forms of authentication are purpose-built to ensure that technological systems can resist unauthorized access to financial information.
It’s crucial that any company handling consumer cardholder information, including card numbers, protect that information from any and every unauthorized user. The PCI Security Standards Council has determined that to promote security and usability, it’s not enough to secure a system perimeter and encrypt data. Instead, companies have to approach data obfuscation through a series of requirements that protect it from theft while allowing the company to utilize it for regular commercial purposes.
Here, we’ll discuss Primary Account Numbers (PAN) and how you must protect them under PCI DSS.