Determine PCI DSS Compliance for Third-Party Service Providers
The Payment Card Industry Data Security Standard (PCI DSS) applies to each entity involved in the processing of payment cards. PCI DSS compliance requires organizations relying on third-party service providers to identify risks that affect the security of cardholder data. Your organization must ensure that your service providers are PCI DSS compliant, either by obtaining evidence of their own independent assessments or by conducting third-party risk assessments.
Effective third-party risk management under PCI DSS requires the maintenance of evidence to demonstrate service providers’ compliance with PCI DSS. Centralize all necessary evidence for each third-party service provider within OneTrust Vendorpedia. Use the platform to record the service provider’s responsibilities and its PCI DSS requirements, as well as develop audit-ready reports and executive-level PCI DSS compliance dashboards.
When performing due diligence, organizations must collect evidence of PCI DSS compliance from third-party service providers. What’s more, PCI DSS compliance must be in scope for the intended use case. The Vendorpedia Global Risk Exchange aggregates PCI DSS compliance research about thousands of service providers, including information about the scope of the PCI DSS audit report.
Third-party risk assessments can be time-consuming, especially without automation or a dedicated third-party risk management software solution. With OneTrust Vendorpedia, assessments are conducted via a simple user interface, enabling faster completion and review, while also streamlining and tracking mitigation efforts with respect to PCI DSS requirements.
To report on compliance, organizations should document which PCI DSS controls third-party service providers have in place. With OneTrust Vendorpedia, assessments are intelligent, automatically flagging risks and enabling PCI DSS control-tracking of third-party service providers.
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Key PCI DSS Compliance Capabilities with OneTrust Vendorpedia
Third-Party Risk Management Software
Maintain records to document and demonstrate PCI DSS compliance for your third-party service providers
Upload PCI DSS controls into the Vendorpedia platform to track the security safeguards your third-party service providers have in place
Build visual dashboards for executive level visibility, as well as create audit-ready, exportable compliance reports