What is the Payment Card Industry (PCI) Data Security Standard?

The Payment Card Industry (PCI) Data Security Standard is a set of rules and regulations that have been established to protect cardholder data. It is an industry-wide standard that is designed to ensure that all companies that process, store, or transmit credit card information maintain a secure and protected environment. In Indiana, all companies must comply with the PCI Data Security Standard in order to accept and process payments with any major credit card. This includes large and small businesses, banks, and even online merchants. The standard sets guidelines for how companies must handle sensitive card information, including encryption and monitoring of data access. Under the PCI standard, all businesses must have an up-to-date firewall and software security system in place to protect customer data, and must also have strict access control measures in place. All companies are also required to monitor network activity and scan for any suspicious activity. Any cardholder data that is stored in any form must be securely encrypted, and all transactions must be processed using secure servers. The PCI Data Security Standard is an important part of keeping customer data secure and safeguarding businesses from potential cyber security threats. It helps protect Indiana businesses from data breaches and financial losses from fraudulent activities, which helps protect customers and their financial information.

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What is the Payment Card Industry (PCI) Data Security Standard?

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