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<\/span><\/div><\/div><\/div><\/div><\/div>PCI-DSS defines security standards to protect credit card transactions. Managed by the PCI Security Standards Council, it prevents data leakage and online fraud. In the next sections, you'll learn about its importance, target audience and key requirements, along with the benefits of software solutions such as DOT Anonymizer<\/a><\/b> for compliance.<\/p>\n<\/div><\/div><\/div> Summary<\/b><\/p>\n Payment Card Industry (PCI) compliance involves adhering to security standards to ensure the safety of credit card transactions, in line with the requirements imposed by credit card companies.<\/b> PCI standards are managed by the PCI Security Standards Council, comprising companies such as Visa, MasterCard, American Express, Discover and JCB<\/b>. The PCI DSS standard, which stands for Payment Card Industry Data Security Standard, aims both to eliminate the risk of payment data leakage and to reduce online fraud<\/b> by imposing requirements for payment data security. <\/p>\n These standards were created to protect end-users, intermediaries, banks, and merchants against bank data fraud through the establishment of strict rules to ensure the secure processing, storage, and transmission of credit card data.<\/p>\n<\/div> The level of PCI DSS compliance varies according to the company's annual transaction volume, whether it's a small family-run business or a large multinational. <\/b>Whatever their size, companies must comply with the PCI DSS standard if they accept, send, process or store credit card or cardholder data. By adopting the PCI DSS standard, companies demonstrate their commitment to protecting their customers' data<\/b>, as the consequences of a security breach can have a serious impact on revenues, customers, and the company's reputation. <\/p>\n Version 4.0 of the PCI DSS standard was first released in 2022<\/b> to address emerging cyber-attack threats, and companies have until March 31, 2025<\/b>, to be compliant. <\/p>\n Although PCI DSS compliance is not federally mandated in the US, companies must comply with applicable laws and regulations in their jurisdiction, and non-compliance can result in significant fines.<\/p>\n<\/div> There are the 12 requirements of the PCI DSS standard that have been established in the latest version 4.0: <\/p>\n Guide \u2013 Data Anonymization Keys to a Successful Cross-functional Project<\/b><\/p>\n<\/div> The exponential growth in the amount of banking data processed every day reflects the global population growth, with over 90% of this data generated in recent years. According to the PCI SSC (PCI Security Standards Council), the average cost of a data breach is $3.8 million. <\/b>This number alone justifies the imperative to take steps to avoid such incidents. <\/p>\n It's also worth noting that some jurisdictions consider cardholder data to be personal data, making it subject to the GDPR (General Data Protection Regulation)<\/a><\/b> and adding a legal dimension to its protection.<\/p>\n<\/div>\n
1. What is PCI-DSS?<\/h2><\/div>
2. Which companies need to comply, and when?<\/h2><\/div>
3. What are the different PCI DSS compliance requirements?<\/h2><\/div>
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4. Why is PCI DSS important?<\/h2><\/div>
5. What are the advantages of using a software solution like DOT Anonymizer to comply with this standard?<\/h2><\/div>