The Payment Card Industry Data Security Standard (PCI DSS) is a comprehensive security framework created in 2006 by the PCI Security Standards Council, comprising five major credit card companies: Visa, Mastercard, Discover, JCB, and American Express. Designed to protect sensitive cardholder data, the standard provides a set of 12 core requirements that organizations must follow when processing, storing, or transmitting credit card information, regardless of the number of transactions they handle.
Key Security Measures for PCI DSS Compliance
These requirements encompass critical security measures such as maintaining secure networks, protecting stored cardholder data, implementing strong access controls, regularly monitoring systems, and establishing robust information security policies.
PCI DSS has been widely adopted by financial institutions globally, serving as a crucial defense against cybersecurity breaches, fraud, and potential identity theft. Organizations that comply with these standards help ensure the protection of sensitive financial information, build customer trust, and minimize the risk of data breaches.
Merchants that process card payments are mandated to comply with the PCI DSS guidelines. If you are an Infinity Data customer, we may be able to assist with meeting some PCI DSS compliance requirements.