The PCI Digital Security Standard (PCI DSS) is a set of internationally-recognized security standards that exist to protect the sensitive data associated with payment accounts. These standards apply to any organization or other entity that manages cardholder data.
As of March 2022, PCI DSS v4.0 is the most current version of these standards, though v3.2.1 will remain valid until the end of March 2024. PCI DSS defines 12 requirements, testing procedures for each requirement, and guidance on best practices for implementation.
To be PCI compliant, an organization must implement and maintain security practices that meet or exceed these standards. RSI Security’s PCI compliance services will guide your organization through this process and help you maintain year-round compliance.
Benefits of PCI Compliance
Complying with PCI Security Standards seems like a daunting task, at the very least. The maze of standards and issues seems like a lot to handle for large organizations, let alone smaller companies. Yet, compliance is becoming more important and may not be as troublesome as you assume, especially if you have the right tools.
According to PCI SSC, there are major benefits of compliance, especially considering that failure to comply may result in serious and long-term consequences. For example:
- PCI Compliance standards mean that your systems are secure, and your customers can trust you with their sensitive payment card information; trust leads to customer confidence and repeat customers.
- PCI Compliance improves your reputation with acquirers and payment brands – just the partners your business needs.
- PCI Compliance is an ongoing process that aids in preventing security breaches and payment card data theft in the present and in the future; PCI compliance means you are contributing to a global payment card data security solution.
- As you try to meet PCI Compliance, you’re better prepared to comply with additional regulations, such as HIPAA, SOX, and others.
- PCI Compliance contributes to corporate security strategies (even if only a starting point).
- PCI Compliance likely leads to improving IT infrastructure efficiency.
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