PCI Compliance refers to the adherence to the Payment Card Industry Data Security Standard (PCI DSS), which is a set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure environment.
PCI DSS is globally accepted and its implementation is crucial to protect cardholder data and guard against payment fraud. It includes a series of requirements that companies must meet to ensure the security of cardholder data. These requirements include the following:
- building and maintaining a secure network
- protecting cardholder data
- maintaining a vulnerability management program
- implementing strong access control measures
- regularly monitoring and testing networks
- maintaining an information security policy
Companies must undergo regular assessments to ensure they remain compliant with these requirements. These assessments are typically conducted by a Qualified Security Assessor (QSA) or an Internal Security Assessor (ISA).
Companies that do not comply with the PCI DSS requirements risk facing fines, legal action, and damage to their reputation.