Cyber security certifications play a crucial role in certifying a business as a reliable organization clients can rely upon. The good thing is there are different certifications for different needs. Here in this blog, we will discuss the important accreditations and their benefits for business organizations.
1. Payment Card Industry Data Security Standard (PCI DSS)
PCI DSS protects payment card data from hackers and cybercriminals. Developed by major credit card companies, PCI DSS sets safety standards for the payment card data from theft during payment processing and data storage. It employs advanced safety measures such as encryption technology and access controls. The standards safeguard cardholder data from potential risks and help comply with legal requirements. This certification boosts the credibility of a business and provides it with a competitive edge. It is an important certification for e-commerce platforms because they receive card payments.
2. SOC 1 And SOC 2 Compliance
SOC 1 and SOC 2 Compliance is one of the important Cyber Security Certifications for banks and other financial institutions. It is related to internal financial reporting and control. The process of SOC 1 and SOC 2 compliance is auditing by experienced auditors. The auditing is done to assure clients that everything is right with your business. An experienced auditor will audit your business process and prepare a detailed report on your business. Audit should be conducted at regular intervals and only by experienced auditors.
3. Vendor Risk Management (VRM)
Vendor Risk Management (VRM) is an important component of risk identification, assessment, and management. This certification mitigates the risks involved with third-party suppliers or vendors. Here it is necessary to mention that businesses are relying more and more on third-party service providers. But at the same time, they want to make sure that they face zero risk while transacting business. They rely on third-party vendors for financial transactions. The vendors obtain the necessary certification to prove their commitment to international standards.
4. Vulnerability Assessment And Penetration Testing (VAPT)
As evident from the name, this certification helps assess risks and find solutions to resolve those risks. You will agree that every business has risks but the financial sector faces maximum challenges. Cybercriminals are always after financial data. They want to get access to crucial data so they can take advantage of sensitive data. One of the important cyber security certifications, VAPT improves risk assessment and incidence response. The objective of this certification is to enable businesses to get ready for challenges.
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