42Gears SureMDM Achieves PCI DSS 4.0 Compliance

Worried about your customers falling victim to fraud when making a credit card transaction? You’re not alone! In fact, in 2023, a staggering 52 million Americans have fallen victim to credit card frauds. According to Investopedia, a hack on a renowned credit bureau exposed the personal data of 143 million customers, including 209,000 credit card details. These numbers are concerning, and they underscore the importance of data security and compliance. 

Credit card frauds not just affect organizations that store payment card data, even businesses that do not directly store payment card data are vulnerable to data breaches that could compromise other critical information. As cyber threats evolve, security standards also need an upgrade. 

42Gears is excited to announce that SureMDM is now PCI DSS v4.0 compliant, allowing its use in the PCI-compliant environments. Achieving PCI DSS v4.0 compliance reaffirms our commitment to delivering a secure mobile device management solution, ensuring the protection of your organization's data and fostering trust with your customers.

What is PCI DSS v4.0?

The Payment Card Industry Data Security Standards (PCI DSS) is the global minimum standard for data security, ensuring secure handling of cardholder and authentication data by any entity involved in the process. 

While the previous version (v3.2.1) established a robust foundation for data security, cybercriminals are using increasingly sophisticated techniques to breach data security, highlighting the critical need to stay ahead of these threats. 

The newest version (v4.0) mandates that companies handling credit card information need to implement stronger authentication controls, enhanced password complexity, authenticated internal audits, and more to mitigate emerging threats. An organization complying with PCI DSS v4.0 means they have the latest safety measures in place for secure payment card processing and an improved overall security posture. 

What are the benefits of becoming PCI DSS v4.0 compliant?

• Enhanced Security:

  With updated security requirements, companies can effectively strengthen their payment card infrastructure, and reduce the risk of potential data breaches. A Verizon study found that businesses with PCI DSS compliance in place experienced cyber-attack rates 50% lower than those without.

• Improved Customer Trust:

  Customers are more aware of the importance of data security and adherence to PCI standards. Being PCI DSS compliant can significantly enhance customer trust in your business. 

• Scope to Expand Business at Global Levels:

  Becoming PCI DSS compliant allows you to join the international community of retailers and businesses that adopt the highest payment card industry data security standards. 

• Reduced Risks of Fines and Penalties:

  Data breaches, whether large or small, are expensive. Adherence to PCI DSS compliance allows you to securely process payment card transactions and potentially avoid paying any penalties in the future. 

Along with its comprehensive, feature-rich device management capabilities, SureMDM offers several features that help our customers achieve PCI compliance. These features include enforcing strong password creation and configuration, limiting access to devices by only allowing authorized users, remotely wiping a device, disabling inactive user accounts, and letting IT admins monitor the status of devices. 

To sum it up, 42Gears SureMDM has implemented all the security requirements mandated by the Payment Card Industry to comply with PCI DSS v4.0, and has been certified by a PCI QSA (Qualified Security Assessor). This certification means our customers can confidently use SureMDM in a PCI-compliant environment. 

Contact us today to learn how SureMDM can be used in a PCI-compliant environment to ensure secure payments.