PCI DSS (Payment Card Industry Data Security Standard) is a set of security requirements designed to protect credit card data and reduce fraud. It was created by major card brands like Visa, Mastercard, and American Express.
Any organization that stores cardholder data must comply with these standards. The requirements cover things like:
- maintaining secure networks
- encrypting cardholder data
- implement access controls
- regularly monitoring systems.
Non-compliance can result in fines, increased processing fees, or loss of the ability to accept card payments.
