The Payment Card Industry Data Security Standard (PCI DSS) was established by five leading global payment card brands-VISA, MasterCard, JCB, AMEX, and Discover-to create a uniform international standard for protecting cardholder data. This standard outlines the requirements for security management, policies, operations, and processes, as well as network configurations and software architecture, to safeguard cardholder information across multiple dimensions.
Encourage the use of credit cards by ensuring the security of card transactions.
Defend against credit card fraud and illegal use to protect retailer profits.
Reduce the incidence and expense of data loss, as well as its prevention.
Improved financial control and management; and compliance with audit requirements.
An excessive amount of client trust, which results in client loyalty and retention;
The primary benefit of PCI DSS compliance is the reduction in security alerts, which is the central purpose of its controls. By adhering to its standards such as setting up firewalls, encrypting data, and establishing an information security management system organizations can address and strengthen the common vulnerabilities that attackers often exploit.
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