PCI DSS
Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. The PCI DSS was developed to enhance cardholder data security and facilitate the broad adoption of consistent data security measures globally.
The PCI DSS was established in 2004 by the major credit card companies: Visa, MasterCard, American Express, Discover, and JCB. These companies formed the Payment Card Industry Security Standards Council (PCI SSC) to manage the ongoing evolution of the PCI DSS and other security standards.
The PCI DSS framework comprises of these six requirements:
Build a Secure Network
Building a Secure Network
Protect Cardholder Data
Protecting Cardholder Data
Maintain a Vulnerability Management Program
Maintaining a Vulnerability Management Program
Strong Access Control Measures
Strong Access Control Measures
Regularly Monitor and Test Networks
Regularly Monitoring and Testing Networks
Maintain an Information Security Policy
Maintaining an Information Security Policy
Compliance with PCI DSS is validated annually. Non-compliance can result in severe consequences, including fines, increased transaction fees, and potential loss of the ability to process credit card transactions.
By adhering to PCI DSS standards, organizations can protect sensitive information, reduce the risk of data breaches, and build trust with customers and stakeholders.