Companies processing cardholder information cannot afford to ignore security, considering the quick rise of cybercrime throughout the UK. Regardless of your company’s type (whether you’re running an online shop or a hotel, restaurant, or software as a service (SaaS)), protecting cardholder information should be a top priority legally and as a business. For a payment-processing business, the PCI Security Standard (PCI DSS) guides our protection of cardholder information through PCI compliance scans, vulnerability scanning, and ongoing performance monitoring. PCI Data Security Requirements is the global agreement setting the minimum requirements for how to secure cardholder information.
This blog explains the PCI requirements, describes who must follow, outlines the 12 important security measures, and offers practical advice for attaining and keeping payment card industry compliance. Additionally, we examine why Qualysec is a reliable partner for UK companies and how penetration testing improves your security posture.
What Is PCI DSS?
Thе Paymеnt Card Industry Data Sеcurity Standard (PCI DSS), is a global sеcurity standard that was dеvеlopеd by lеading card companiеs such as Visa, Amеrican Exprеss, Discovеr, Mastеrcard, and JCB. The PCI DSS was designed to protect cardholder data against unauthorised access, fraud, and theft.
Any business that stores, processes, or transmits cardholder information is subject to this regulation. Although banks and payment processors contractually impose PCI DSS, it is not legislation. Companies risk penalties, higher transaction costs, increased fraud risk, and reputational harm without PCI compliance certification.
Source: https://qualysec.com/pci-data-security-requirements/
