Focus on Risk, and Compliance Will Follow: Overcoming the Challenges of Payment Card Industry Requirements

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Executive Summary

PricewaterhouseCoopers has developed a five-phase approach that enables PCI compliance through the identification and remediation of risk associated with payment card data. PricewaterhouseCoopers' approach uses the PCI DSS as a baseline controls framework that is supplemented with leading risk management practices and compliance and threat management experience. Once the framework reaches operational compliance, the organization can begin to integrate PCI compliance within a broader integrated Governance, Risk, and Compliance (iGRC) framework to achieve greater efficiencies and further reduce risk.

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