Payment Card Industry Data Security Standard
PCI DSS is the acronym for Payment Card Industry Data Security Standard.
What is Payment Card Industry Data Security Standard?
A set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure environment. The PCI DSS applies to any organization, regardless of size or number of transactions, that accepts, transmits, or stores any cardholder data. The standard was developed by the major credit card brands (Visa, Mastercard, American Express, Discover, and JCB) to help ensure the security of cardholder data and reduce the risk of credit card fraud.
The PCI DSS includes requirements for maintaining a secure network, protecting cardholder data, maintaining a vulnerability management program, implementing strong access control measures, and regularly monitoring and testing networks. Organizations that handle credit card information are required to demonstrate compliance with the PCI DSS in order to accept credit card payments. Non-compliance can result in fines and other penalties.
- Abbreviation: PCI DSS