Date: 17th November 2020
How to increase your resilience
In our digitally transformed world, the phrase ‘safely and securely’ has taken on a whole new meaning.
Find out why PCI compliance can improve resilience and enhance security across the board.
Besides the risk of failure being a reputational impact on brand value and awareness, it’s a business management issue.
Failure can lead to deeply problematic customer impacts and heavy regulatory penalties. It can ultimately lead to business failure, in a way that hasn’t always been the case.
And as the odds and impact of failure rise around our increasingly complex digital architectures, organisations must do three things. Embrace the management of these risks, the security of these structures and the data that populates them.
Payment Card Industry (PCI) compliance is a risk mitigation element that brings benefits for both clients and their customers. Full, externally audited, PCI compliance adds an additional layer of resilience for businesses.
Consequently, this is why we have invested to raise standards up to the level required of merchants by credit-issuing companies. We ensure the processing, storing, or transmission of credit card information is maintained in a secure environment and that customer data is kept safe.
‘Resilience is not just about business continuity, or regulatory compliance, it’s more than that, it’s a way of life for our business.’
Michelle Griffey – Communisis Chief Risk Officer & Executive Board Member
A more proactive approach to the management of risk brings the opportunity to do good, sustainable, and ethical business.
Our banking and insurance clients expect the highest levels of physical, data and cyber security from us.
At Communisis, we specialise in delivering services within regulated markets; the management of Risk has been an Executive Board preoccupation for many years.
Additionally, we’re one of the few organisations of our type to have formalised and professionalised this function in the creation of an Executive Board seat held by Michelle Griffey.
We therefore shift the concept of resilience from being a tick-box exercise around regulatory compliance to growth and ongoing operational excellence. We believe this sets us apart in our market.
Finally, we continue to drive the digital transformation of our markets in support of our clients’ strategic objectives. They can rely on us to continue to build the resilience of our organisation in support.