PCI DSS

The Payment Card Industry Data Security Standard (PCI DSS) is a compliance standard that defines data security requirements relating to the processing, storage or transmission of cardholder data.

The PCI DSS was founded in 2004 by 5 major card brands – Visa, MasterCard, American Express, Discover and JCB. It is on its 4th major release under the PCI Security Standard Council.

The standard sets a common, consistent and secure minimum level of protection to be applied by all organizations that process, store or transmit cardholder data to safeguard payment card data and payment card customers.

PCI DSS applies to card payments accepted in person, over the phone or online. PCI DSS was developed in response to the ever increasing impact and costs of payment card fraud.

Benefits of PCI certification

• Improved trust and confidence with customers and suppliers. A confident customer is more likely to use, return and recommend services to others. By meeting global standards it allows businesses to safely grow internationally
• PCI compliant companies significantly reduce their risk of a breach, and consequently protect their reputation and reduce the likelihood of receiving a fine associated with non compliance.
• PCI DSS is a data security standard, compliance means systems are more secure, that security risks outside of those specific to cardholder data are also reduced, and that other information security regulations and standards can be more easily complied with as it compliments other frameworks.

Find out how Simply Secure’s Audit and Assessment Services can provide the information and tools your organization needs to achieve and maintain compliance with PCI DSS.