What is the Payment Card Industry Data Security Standard?

The Payment Card Industry Data Security Standard (PCI DSS) is a set of standards designed to ensure the secure handling of payment card information. It was created by the major credit card companies and is enforced by the banks that process credit card payments. PCI DSS applies to any organization that stores, processes, or transmits credit card data. In North Carolina, PCI DSS is enforced by the North Carolina Commissioner of Banks and the North Carolina Department of Justice.The PCI DSS is made up of 12 specific requirements that must be met in order for an organization to maintain compliance. These requirements include the installation of firewalls, encryption of data, regular testing of security systems, and the enforcement of strong access control measures. It also requires organizations to have an ongoing program to monitor and manage system security. Organizations that fail to comply with the PCI DSS requirements can be subject to fines and other penalties from the credit card companies and banks. In addition, the failure to comply with PCI DSS requirements can also result in serious security breaches, which can lead to the loss of customer data and financial losses. For this reason, it is important for organizations to take the time to thoroughly understand the requirements and how to properly implement them.

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What is the Payment Card Industry Data Security Standard?

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