PCI-DSS stands for Payment Card Industry Data Security Standard, a set of comprehensive security standards created to ensure that any organization processing, storing, or transmitting credit card information does so in a secure environment. Developed by major credit card companies such as Visa, MasterCard, American Express, Discover, and JCB, PCI-DSS aims to reduce credit card fraud and protect sensitive cardholder data.
Organizations that handle credit card data are required to comply with PCI-DSS, and they must undergo annual audits to ensure compliance. Failure to comply can result in penalties, reputational damage, and an increased risk of data breaches.
PCI-DSS compliance is essential for any business handling credit card transactions. It helps organizations protect customer payment data and reduce the risk of security breaches and fraud. By adhering to PCI-DSS, businesses safeguard their reputation, avoid fines, and build trust with their customers.
PCI-DSS compliance benefits organizations across various industries, including:
PCI-DSS outlines 12 key requirements for compliance:
At Securify, we offer comprehensive services to help organizations achieve and maintain PCI-DSS compliance: