ATLANTA, Aug. 20, 2015 /PRNewswire/ -- Tatum, a leading professional and interim services firm offering hands-on strategic, financial and technology solutions that measurably improve business performance, today announced details of its Payment Card Industry (PCI) Compliance Management offering, designed to help companies develop and implement strategies and protocols for how they process, store and transmit credit card information.
Tatum's new PCI Compliance Management offering helps executives identify problem areas surrounding their credit card processing procedures and adapt their strategies to meet the latest security standards. This is a timely offering for many companies, which face an increasingly difficult landscape surrounding credit cardholder data security. The impact of insufficient security standards can be drastic; not just in terms of the costs of a security breach, but also its effect on the company's reputation and trust among consumers. New changes to the Payment Card Industry Data Security Standard (PCI DSS) guidelines introduce greater pressure for companies to comply in order to minimize risk and protect against instances of fraud or potential breaches.
Companies are not only faced with these stringent requirements, but must also keep up with evolving security technology. With the ongoing introduction of smart cards, which feature chip and pin technology rather than the conventional magnetic strips, the need to implement the latest security standards in the U.S. is more pressing than ever. As these new cards roll out, card issuers are no longer going to absorb the losses from fraud if merchants haven't adopted this smart card technology and improved their authentication methods by October 15, 2015.
Given this shift in liability, it is critical that companies comply with the latest PCI standards. And as such initiatives start at the top, it is up to the chief information officer (CIO) or chief information security officer (CISO) to implement the changes necessary to achieve compliance. Through its new offering, Tatum will provide strategic, hands-on leadership to mobilize the people, processes and technology necessary for a sustainable compliance program. Tatum's senior IT operating executives work with client organizations to objectively assess their current credit cardholder information handling processes, offer recommendations on how they can improve their strategies to comply with the PCI DSS requirements and provide program management leadership to accelerate the achievement of sustainable compliance. As a result, organizations will not only be able to uncover potential problems, but also learn the best practices for keeping up with the rapidly changing credit card landscape and follow the best path forward to meet the newest standards.
"Ensuring the security of credit card transactions and mitigating the risks of fraud or breaches is a major concern for many businesses today," said Matt Jones, national managing partner, Technology for Tatum. "And as card technology evolves and new risks are introduced, companies must take a look at their current processes and determine how they can be improved. Our technology professionals are individuals who have sat in the seat of the CIO/CISO for multiple organizations. They have had accountability for these programs, and they understand the long term impacts of their decisions. With our PCI Compliance Management offering, Tatum's experienced technology professionals will assess an organization's current processes and put the right strategy in place."
Additional information about Tatum's PCI Compliance offering can be accessed at: http://www.tatum-us.com/solutions-services/core-competencies-details/pci-compliance-management/.
Tatum is a leading professional and interim services firm offering hands-on strategic, financial and technology solutions that measurably improve business performance. Tatum's executive leaders and consultants help companies navigate critical points in the business lifecycle and execute their strategic initiatives. Our deep management and operational expertise, keen strategic consultancy and a focus on follow-through enable our teams to deliver solutions that drive sustainable impact. With a national footprint of offices in key markets, our firm is ready to mobilize locally anywhere in the country. Tatum is an operating company of Randstad US.
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