In a nutshell, PCI compliance requires that businesses protect oman phone number data cardholder data by following a checklist of technical and operational security precautions. Whether your business is already established or just getting started , the basics of PCI compliance aren't as complicated as you might think.
This easy-to-follow guide will offer an overview of PCI compliance, who is required to comply, and how to secure your email communications containing cardholder data.
What is PCI compliance?
PCI stands for Payment Card Industry, and PCI DSS stands for Payment Card Industry Data Security Standard.
The PCI DSS is a collection of global security standards created to ensure that all companies that accept, process, store, or transmit credit card information keep that information secure.
These standards are administered by PCI Security Standards Council — a group founded by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc.
While PCI compliance is not a law, it is a mandatory requirement enforced by major credit card companies in their contracts with merchants.
Why does PCI compliance matter?
PCI compliance is crucial for protecting your business and your customers from data breaches and fraud. Noncompliance can lead to severe penalties, legal repercussions, and loss of customer trust.
Ensuring that you meet PCI DSS requirements helps protect sensitive data and enhances your reputation as a trusted entity.
Who needs to be PCI compliant?
Any business around the globe that handles payment card transactions needs to be PCI compliant. This includes online retailers, brick-and-mortar stores, and any organization that processes credit card payments. If your business accepts, transmits, or stores any cardholder data, you must comply with PCI DSS requirements(new window).