The Payment Card Industry Data Security Standard (PCI DSS) is a set of security requirements designed to protect credit card transactions and consumer payment data from fraud and breaches. It applies to any business that processes, stores, or transmits payment card information, including retailers, financial institutions, and online merchants.
To maintain PCI compliance, businesses must:
- Encrypt payment data to protect it from unauthorized access.
- Implement strong access controls to restrict sensitive information.
- Use firewalls and security monitoring to prevent cyber threats.
- Regularly test security systems and conduct vulnerability scans.
- Maintain a formal security policy to ensure ongoing compliance.
Failure to comply with PCI DSS can lead to heavy fines, data breaches, and loss of customer trust. Businesses can strengthen their payment security strategies by leveraging encryption, access management tools like Theodosiana, and continuous monitoring solutions to protect cardholder data while ensuring compliance with PCI standards.