Blog TPRM
The History and Future of Third-Party Risk Management in Healthcare
Read Payment Card Industry (PCI)6 Minute Read
The Ultimate TPRM & Cyber Risk Glossary
When in doubt, use an acronym.
Whether you’re a seasoned healthcare CISO or you’re new to the industry and convinced people are just making up acronyms—this glossary has you covered. From standard industry frameworks to CORL-specific terms, it’s your Rosetta Stone for healthcare TPRM, cyber risk, and compliance.
Understanding Payment Card Industry (PCI)
The Payment Card Industry (PCI) standards are a set of security measures designed to protect credit card data during transactions. While not specific to healthcare, PCI standards are highly relevant to healthcare providers that process payments, ensuring that cardholder data is handled securely and protected from breaches. As healthcare providers increasingly offer online payment options and manage sensitive financial information alongside health data, compliance with PCI standards is crucial for protecting both financial and patient information.
PCI standards focus on securing systems that store, process, or transmit credit card data, ensuring that healthcare organizations meet basic security requirements like encryption, secure access, and transaction monitoring. Non-compliance can result in penalties, fines, or worse, a data breach that compromises patient trust and exposes the organization to significant legal and financial consequences.
Our sister company, Meditology Services, is a leading provider of PCI gap and readiness assessments and PCI QSA level 1 audits for the healthcare industry.