Why a solid foundation of compliance is a must for the financial and gaming industry

Why a solid foundation of compliance is a must for the financial and gaming industry

Companies in the financial or gambling industry have to deal with strict requirements and legislation. These regulations from, for example, the government or requirements according to industry standards can make it very difficult to outsource certain services. For online gaming in Malta or the processing of credit card PIN codes, for example, very strict regulations are set by the Malta Gaming Authorities (MGA) or the Payment Card Industry (PCI). If a company wants a geographically dispersed network, does it have to build a data center for only one or two racks?

The foundation for a widely support compliant environment

As a start, the objectives to have confidentiality, integrity, and availability must be the basis of an environment that needs to be safe and secure. If services are secured by design, the basis to comply with most security standards is set.

When designing a secure environment, it is recommended to take into account the standards that are commonly used and referred to by most regulators/professional practices. Best practices by NEN/ISO like ISO 27001 provide a basis. Based on the certificates that are mostly requested PCI DSS is a standard that should be taken into account.

Most regulations use the industry-leading best practices to define requirements and vice versa. Therefore, using the industry-leading security standards will make it easy to comply with rules and regulations that specifically address security.

Additional security measures

When the foundation of security is performed correctly, additional measures that are defined are mostly easy to adopt. For example, within the Payment Card Industries, the requirements for data that is more sensitive (like PINs) require measures on top of PCI DSS. Of course, it can be that additional measures need some improvements to the normal situation, but often this can be perfectly done when your service provider has the flexibility to make some improvements.

Keeping the basics in mind, a service provider can easily support industries that require additional security measures like the financial and gaming industry.

At Datacenter.com the principles of security by design are incorporated since the start of the company. Therefore, we can support companies that need to comply with highly secured standards like PCI PIN.

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