7Security GmbH – PCI, Built for Fintech

PCI DSS Certification

Origin

The Payment Card Industry Data Security Standard (PCI DSS) was created in 2004 by the major credit card companies: Visa, Mastercard, American Express, Discover, and JCB International. These companies formed the PCI Security Standards Council in 2006 to manage and evolve the standard. PCI DSS was developed in response to increasing credit card fraud and data breaches, establishing a unified set of security requirements for all organizations that store, process, or transmit cardholder data. The goal was to create consistent security measures across the payment card industry to protect sensitive payment information.

Industry Value and Importance

PCI DSS compliance is mandatory for any business that handles credit card transactions, making it one of the most critical security standards in commerce today. The certification demonstrates that an organization has implemented robust security controls, including network protection, access management, encryption, and regular security testing. Non-compliance can result in severe consequences, including substantial fines (up to $100,000 per month), increased transaction fees, loss of payment processing privileges, and reputational damage following a breach. For IT professionals, PCI DSS expertise is highly valued as organizations across all industries need qualified personnel to implement, maintain, and audit these security controls.

ISO 27001: Information Security Management Certification

Origin

ISO 27001 was developed by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), and was first published in 2005. It evolved from the British Standard BS 7799-2, which was created in the late 1990s. The standard was developed in response to the growing need for organizations to systematically manage and protect sensitive information in an increasingly digital business environment. ISO 27001 has since been revised, with major updates released in 2013 and 2022 to address evolving cybersecurity threats and best practices.

Industry Value and Importance

ISO 27001 is globally recognized as the leading standard for information security management systems (ISMS) and is valued for providing a systematic, risk-based approach to protecting sensitive data. Organizations that achieve ISO 27001 certification demonstrate to clients, partners, and regulators that they have implemented comprehensive security controls and are committed to maintaining confidentiality, integrity, and availability of information. The certification is particularly important for organizations handling sensitive data, as it helps meet regulatory compliance requirements, reduces security incidents, builds customer trust, and often provides a competitive advantage in procurement processes where information security assurance is required.

SOC 1 Certification

Origin

SOC 1 (Service Organization Control 1) was developed by the American Institute of Certified Public Accountants (AICPA) in 2011 as a replacement for the SAS 70 audit standard. The AICPA created SOC 1 to provide a more comprehensive and standardized framework for assessing controls at service organizations that could impact their clients' financial reporting. This certification was specifically designed to address the growing need for third-party assurance as businesses increasingly outsourced critical functions like payroll processing, claims administration, and other services that directly affect financial statements.

Industry Value

SOC 1 reports are highly valued because they provide independent verification that a service organization has implemented effective controls over financial reporting processes. For companies that rely on external service providers, a SOC 1 report offers crucial assurance that their vendors maintain adequate safeguards, helping them meet their own audit and regulatory compliance requirements under standards like Sarbanes-Oxley. This certification has become an industry standard for demonstrating trustworthiness and transparency, often serving as a prerequisite for winning contracts with enterprise clients who need documented assurance that their service providers won't introduce risks to their financial statement accuracy.

SOC 2 Certification Overview

Origin

SOC 2 (Service Organization Control 2) was developed by the American Institute of Certified Public Accountants (AICPA) in 2011 as part of their Service Organization Control reporting framework. It was created to address the growing need for standardized security evaluations as businesses increasingly moved to cloud-based services and outsourced IT operations. The AICPA developed SOC 2 to provide a framework that service providers could use to demonstrate their commitment to protecting customer data across five "Trust Service Criteria": security, availability, processing integrity, confidentiality, and privacy.

Industry Value

SOC 2 certification has become a critical trust signal in the technology and service provider industry, particularly for SaaS companies, cloud hosting providers, and data centers. Organizations value SOC 2 compliance because it provides third-party validation that a vendor has implemented appropriate controls to protect sensitive data, reducing the risk and liability associated with outsourcing. For service providers, achieving SOC 2 compliance is often a competitive necessity, as many enterprise customers and partners require it before entering into business relationships. The certification helps streamline vendor security assessments, as clients can rely on the audited report rather than conducting their own lengthy security reviews.

Origin of the OSCP

The Offensive Security Certified Professional (OSCP) certification was created by Offensive Security, a company founded by Mati Aharoni and other security professionals in 2007. The certification was developed to address the gap between theoretical knowledge and practical penetration testing skills in the cybersecurity industry. Offensive Security designed the OSCP to be a hands-on, performance-based certification that requires candidates to demonstrate actual hacking skills in a controlled lab environment rather than simply answering multiple-choice questions.

Industry Value and Importance

The OSCP is highly valued in the cybersecurity industry because it proves that holders possess real-world penetration testing abilities. Unlike traditional certifications, the OSCP's 24-hour practical exam requires candidates to successfully compromise multiple machines in a simulated network environment and document their findings professionally. This hands-on approach has made it a gold standard for entry to intermediate-level penetration testers, and it's frequently requested or required by employers hiring for offensive security roles. The certification's difficulty and practical nature have earned it significant respect among security professionals and hiring managers.

CISSP Certification Overview

Origin

The Certified Information Systems Security Professional (CISSP) was created by the International Information System Security Certification Consortium, commonly known as (ISC)², in 1994. The certification was developed in response to the growing need for a standardized, vendor-neutral credential that could validate the expertise of information security professionals. (ISC)² designed the CISSP to establish a common body of knowledge for the cybersecurity field and provide a benchmark for measuring professional competence in information security.

Industry Value

The CISSP is widely regarded as one of the most prestigious and recognized certifications in cybersecurity, often required or preferred for senior-level security positions. Its value stems from its comprehensive coverage of eight security domains, including security operations, asset security, and security architecture, which demonstrates a candidate's broad expertise across the entire security landscape. The certification is accredited to ISO/IEC Standard 17024 and meets U.S. Department of Defense Directive 8570 requirements, making it particularly valuable for government contractors and enterprise organizations. Employers value CISSP-certified professionals because the rigorous examination process and experience requirements (minimum five years) ensure holders possess both theoretical knowledge and practical experience in managing and implementing security programs.

Certified Ethical Hacker (CEH) Certification

Origin

The Certified Ethical Hacker (CEH) certification was created by the International Council of E-Commerce Consultants (EC-Council) in 2003. EC-Council developed this certification in response to the growing need for standardized training in ethical hacking and penetration testing. The organization recognized that cybersecurity professionals needed formal credentials that would demonstrate their ability to think like malicious hackers in order to better defend systems and networks. The CEH was designed to establish a baseline of knowledge for security practitioners who assess system vulnerabilities using the same techniques employed by attackers.

Industry Value

The CEH certification is valued in the cybersecurity industry because it validates practical knowledge of security threats, vulnerabilities, and countermeasures. Many organizations, including government agencies and private corporations, recognize CEH as a benchmark for hiring security analysts, penetration testers, and security consultants. The certification covers 20 domains of information security, providing holders with a comprehensive understanding of attack vectors and defensive strategies. For professionals, earning the CEH demonstrates commitment to the field and can lead to career advancement opportunities and increased earning potential in an industry facing significant talent shortages.