What is the PCI Data Security Standard (PCI-DSS)?
The PCI Data Security Standard (PCI-DSS) is a set of requirements that regulate how businesses store, process, and transmit cardholder data. This law exists to help prevent data theft and fraud. It applies to all organizations that process, store, or transmit cardholder data, regardless of size or location. PCI-DSS ensures that all businesses comply with a strict set of security requirements designed to protect cardholder data against threats such as hacking and phishing. Companies must ensure that they have secure networks, systems, and applications, as well as strong access control measures. Additionally, they must regularly test security systems and processes to identify vulnerabilities and actively ensure no unauthorized access to cardholder data. In Massachusetts, all entities that store, process, or transmit cardholder data must adhere to the PCI-DSS. It is the responsibility of these companies to establish, maintain, and monitor a comprehensive information security program. This program must include policies, procedures, and controls that are designed to protect all cardholder data. Companies must also create an internal audit program and perform vulnerability scans to identify any potential risks to the security of cardholder data. PCI-DSS is an important data security law that helps to protect the data of Massachusetts businesses and their customers. By following these guidelines, companies can reduce the risk of data theft and fraud, ensuring the safety of both customers and businesses.
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