This white paper explores the following subjects : Challenges and the true cost of non-compliance; Does PCI DSS apply to you ?; Goals, requirements and updates; Simplifying compliance; Why choose Bitdefender MDR.
"The Payment Card Industry Data Security Standard (PCI DSS) has served as the de facto standard for protecting cardholder data across the world since its implementation in 2004. The standards were developed by the PCI Security Standards Council (PCI SSC), a global forum that brings together payment industry stakeholders to develop and drive adoption of data security standards and resources for safe payments worldwide.
PCI security standards are designed specifically to protect payment account data throughout the payment lifecycle – and to enable technology solutions that devalue this data and remove the incentive for criminals to steal it. And steal it they will. According to IBM’s 2022 Cost of a Data Breach Report, 2022 revealed costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations, and breach costs increasing nearly 13% over the last two years. Often, actions related to PCI non-compliance are the culprit.
The PCI DSS is a standard, not a law, and it is enforced through contracts between merchants, acquiring banks that process payment card transactions, and the payment brands. And each payment brand has the ability to fine acquiring banks for PCI DSS compliance violations."
