What is the PCI Data Security Standard (PCI-DSS)?

The PCI Data Security Standard (PCI-DSS) is a set of security regulations developed by the Payment Card Industry Security Standards Council. It sets out a framework of rules and procedures that organizations must follow to protect credit card and debit card information. It applies to all businesses, both large and small, that store, process, or transmit cardholder data, including companies in Arkansas. The PCI-DSS is composed of 12 elements which include network security, access control, vulnerability management, data integrity, and encryption of cardholder data. These elements go into detail on how companies must protect cardholder data and the networks that store and process it. Companies must also adhere to the various security requirements set out in the standard, such as maintaining an inventory of system components, regularly monitoring and testing networks, and implementing strong access control measures. The standard also requires companies to have regular self-assessments and annual third-party audits to verify their compliance with the PCI-DSS. Companies must also notify the affected credit card companies and banks if there is a security breach. If companies fail to comply with the standard, they may be subject to fines and penalties. In summary, the PCI Data Security Standard is a set of rules and regulations that companies in Arkansas must follow to protect credit and debit card information. It is composed of twelve elements which include areas such as network security, access control, and encryption. Companies must also have regular self-assessments and audits, and must notify the affected credit card companies if there is a security breach.

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What is the PCI Data Security Standard (PCI-DSS)?

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