Patent
Patent: A legal document granting the owner the exclusive right to make, use, and sell an invention for a certain period of time, protecting intellectual property and fostering innovation. Examples include patents for a new type of computer chip, a medical device, and a software algorithm.
Payment Card Industry (PCI) Compliance
Payment Card Industry (PCI) Compliance: The adherence to a set of specific security standards that were designed to ensure that all organizations that process, store, or transmit credit card information maintain a secure environment. It’s a mandatory requirement for any entity dealing with cardholder data, including merchants, payment gateways, and service providers, and it’s enforced […]
Payment Card Industry Data Security Standard (PCI DSS)
Payment Card Industry Data Security Standard (PCI DSS): A set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. This standard was developed by the PCI Security Standards Council, a consortium of major credit card brands, and it includes requirements for security […]
Operational Audit
Operational Audit: A detailed analysis conducted to assess an organization’s internal operations in terms of effectiveness, efficiency, and adherence to policies and procedures. It involves reviewing day-to-day activities and processes to identify potential areas of improvement or detect any misconduct.
Operational Controls
Operational Controls: A type of security control that focuses on the day-to-day operations of an organization. It includes procedures, policies, and standards that are designed to prevent, detect, and respond to security incidents. Examples of operational controls include access controls, change management, and incident response plans.
Organization for Economic Cooperation and Development (OECD)
Organization for Economic Cooperation and Development (OECD): An international organization that works to build better policies for better lives. Their goal is to shape policies that foster prosperity, equality, opportunity, and well-being for all. They draw on almost 60 years of experience and insights to better prepare the world of tomorrow.