Security News > 2023 > September > Organizations are racing against time to meet the PCI DSS 4.0 deadline

Payment data security concerns remain widespread as organizations undertake significant lift to meet the PCI DSS 4.0 deadline, according to Bluefin.

Organizations have turned to the Payment Card Industry Data Security Standards for guidance in combating payment data threats for nearly two decades and should continue to do so with the latest requirements in PCI DSS 4.0, which organizations must adapt to before the March 2025 deadline.

31% of payment data security professionals have a strong understanding of all requirements associated with PCI DSS 4.0 and 49% indicate their organizations have yet to begin executing on PCI DSS 4.0 changes.

"In this environment, it's not a matter of if an organization will experience attempts at being breached - it's a matter of when. Businesses must ensure compliance with new PCI DSS 4.0 standards as part of a holistic approach to protecting customer data, and our new report serves as a guide for organizations as they look to meet these requirements ahead of the looming March 2025 deadline," added Johnson.

Organizations rely heavily on third-party vendors for PCI DSS 4.0.

The report also found that there is a strong acknowledgment of the critical role of partners to support PCI DSS 4.0 readiness, with 86% percent of respondents indicating their organization will solely or mostly rely on third-party vendors for PCI DSS 4.0 in some capacity.

News URL

https://www.helpnetsecurity.com/2023/09/19/payment-data-security-concerns/