COMPLIANCE CHECKLIST

Insurance Industry Compliance with PCI DSS

Being a significant part of the financial sector, insurance companies are also involved in storing and handling customer credit card information. Hence, insurance companies need to maintain compliance with PCI DSS standards.

Why PCI DSS compliance is important for Insurance Industry

Prevent data breach and vulnerability issues.
Increases customer reliance.
Gain global security standards.

PCI DSS penalties that Insurance Industry must avoid

Monetary fines.
Legal proceedings.
Loss of reputation.
Temporary or permanent business closure.

How this compliance template can help with PCI DSS compliance

This PCI DSS framework has been designed specifically for insurance service providers dedicated to provide utmost security to their customer’s transaction data. The framework lists all the specific compliance requirements and tasks an insurance provider must comply with to maintain its PCI DSS compliance status.

The framework helps Insurance companies track their compliance activities and maintain a consolidated repository to track the progress.

How VComply can help in PCI DSS compliance

Set compliance program across departments, and branches.
Create the PCI DSS specific compliance framework and manage compliance workflow.
Automate compliance task assignment and management across compliance team.
Central repository for all your PCI DSS compliance documents.
Automate PCI DSS audits and manage recurring audit process.