The Payment Card Industry Data Security Standard (or PCI-DSS) is a set of requirements, initially outlined by the major card providers, to ensure that companies use their clients’ credit or debit card information securely. It protects sensitive information from fraudulent activity, a risk that is growing every year following the rise of remote purchasing.
If not handled appropriately, cardholder data (CHD) is at risk of theft from hackers that are on the lookout for a way to exploit weaknesses in your organization. Whether you’re a large corporation or a small business, PCI DSS was introduced to protect you and your customers in the prevention of data theft.
Non Compliance can affect not only the people whose data has been stolen, but the organization itself is open to massive financial repercussions. Large data breaches can have huge reputational damage, large imposed fines and many other financial downfalls.