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

The PCI Data Security Standard (PCI-DSS) is a set of security requirements established by the Payment Card Industry (PCI) Security Standards Council. The PCI-DSS applies to companies that process, store, and/or transmit credit card information. The PCI-DSS sets out a set of technical and operational requirements for businesses to protect credit card data from unauthorized access and use. Businesses must comply with the PCI-DSS in order to be considered secure and compliant with the law. This includes following requirements for secure networks, encryption of data, and the use of firewalls. The PCI-DSS also addresses other security requirements, such as employee access control, vendor management, and the use of secure passwords. Penalties for not following the PCI-DSS can be severe. Companies that fail to comply with the standards can be fined, barred from processing credit card transactions, and may lose their merchant account. In California, the California Information Security Act of 2013 requires companies to comply with certain aspects of the PCI-DSS in order to receive liability protection if a data breach should occur. The PCI Security Standards Council sets out these standards to ensure the safety and security of confidential financial data. By following the requirements set out in the PCI-DSS, businesses can protect the data of their customers and comply with the law.

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

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