Elavon: Diligence essential to maintaining data security

Mississauga Board of Trade
Mississauga Board of Trade


April 14, 2022


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Author: Elavon

Data breach events remain at an all-time high as bad actors increasingly turn to sophisticated technologies to seek out gaps or weaknesses in business data environments.1 That’s why all businesses that accept payment card data are required to validate – and remain – Payment Card Industry Data Security Standard (PCI DSS) compliant.

When it comes to payment data security, one of the most common misconceptions a business can have is that their payment data is secure because they validated PCI DSS compliance at some point in the past. In truth, PCI DSS validation only reflects a point in time, so it is important to maintain a compliant posture by ensuring that core payment data security requirements and PCI best practices* are in place at all times.

Dynamics that can impact compliance
Data security safeguards you’ve already implemented can be compromised whenever you make a change in your business setup, payment access points and devices, eCommerce services and operational procedures. Any one of these can leave a business more susceptible to security control failures, malicious attacks or accidental information leakage. We recommend that you:

  • Create data security goals
  • Assign responsibility for ensuring data security procedures are maintained
  • Keep up with PCI DSS periodic scan requirements and periodic reviews
  • Conduct security self-audits each time you make a physical or digital environment change
  • Work with cybersecurity experts whenever possible for guidance and best practice tips

Is keeping up hard to do? We can help.
We recognize that validating and maintaining PCI DSS compliance can take significant time and technical know-how to address. Elavon’s Safe-T security solution is a popular tool for our customers wanting to do all they can to protect themselves and their cardholders. In a nutshell, it:

  • Saves you valuable time and effort with validating PCI DSS compliance
  • Includes data encryption and tokenization that makes cardholder data useless to hackers
  • Provides card data breach assistance if an incident were to occur

Feel free to contact me with any PCI DSS or security solution questions you may have.

1 https://www.ibm.com/security/data-breach*

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Elavon is the Mississauga Board of Trade’s preferred partner for secure and reliable payment processing.

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Did you know that the MBOT is a preferred partner with Elavon? Elavon offers a powerful suite of payment solutions and flexible partner programs to help empower your success and accelerate your revenue growth. We provide next-day funding so you can better manage cash flow and business operations.

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Connect with us by filling out the form or call 1.844.935.3621 to learn about the options available to meet your unique business needs and take advantage of your members-only discounted pricing.

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Mississauga Board of Trade
Mississauga Board of Trade
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