Governance, risk and compliance (GRC) specialist Acuity Risk Management has rolled out a free management application that allows businesses to measure, monitor and report on their compliance with PCI-DSS v2.0 payment card data security standards, Finextra reports. The Acuity PCI DSS tool will recognize, assess, manage and report on risks to cardholder data.

It will also be responsible for keeping a track of residual risk status in relation to performance of PCI controls and key metrics and provide visibility of information for auditors. The time required for gathering, collating and making a report on compliance is reduced with this tool. It also improves governance and reduces the cost of external audits and due diligence by always having up-to-date status information. The tool, when used with Acuity’s Stream Integrated Risk Manager software, can be used to fully automate PCI compliance management functions.

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