Have you noticed the increasingly-complex cookie disclosure forms popping up on even the most unassuming website? These expanded forms aren’t present because digital businesses have suddenly decided informing customers about their data collection practices is an ethical imperative. Instead, these companies are most likely working with customers in both the U.S. and the EU, and they find themselves facing significant backlash if they aren’t following strict transparency rules. 

These GDPR rules define potentially devastating penalties for unassuming companies, and these penalties can come for the most unexpected reasons–if you don’t know the rules. 

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After several delays and timeline shifts to accommodate vendor and auditor feedback, the Payment Card Industry Security Standards Council will release the newest version of the framework, PCI DSS 4.0. This standard, expected to launch at the end of March 2022, will fundamentally alter some key components of the framework to help support payment acceptance for modern devices and consumers. 

Here is what we are expecting to come down the pipeline once PCI 4.0 hits the market. 

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SOC audits are some of the most common non-regulatory audits in the U.S. These attestations provide companies with a way to demonstrate their dedication to transparent and secure financial reporting and protecting consumer information. Accordingly, SOC reporting can become an in-depth and complicated task that is rendered even more complicated when factoring in subservice providers. 

We’ll cover two ways to account for subservice provider services in your financial and IT infrastructure: carve-out and inclusive reporting. 

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