Security News
PCI compliance is a structure based on requirements mandated by the Payment Card Industry Security Standards Council to ensure that all companies that process, store or transmit credit card information maintain a secure operating environment to protect their business, customers and confidential data. The PCI SSC was created by Visa, MasterCard, American Express, Discover and Japan Credit Bureau to administer and manage the PCI DSS. Companies which adhere to the PCI DSS are confirmed PCI compliance and thus trustworthy to conduct business with.
PCI compliance is a structure based on requirements mandated by the Payment Card Industry Security Standards Council to ensure that all companies that process, store or transmit credit card information maintain a secure operating environment to protect their business, customers and confidential data. The PCI SSC was created by Visa, MasterCard, American Express, Discover and Japan Credit Bureau to administer and manage the PCI DSS. Companies which adhere to the PCI DSS are confirmed PCI compliance and thus trustworthy to conduct business with.
The PCI Security Standards Council published a new standard designed to support the evolution of mobile payment acceptance solutions. PCI Mobile Payments on COTS builds on the existing PCI Software-based PIN Entry on COTS and PCI Contactless Payments on COTS Standards, which individually address security requirements for solutions that enable merchants to accept cardholder PINs or contactless payments using a smartphone or other commercial off-the-shelf mobile device.
While compliance with the PCI Data Security Standard has improved significantly in 2020, it is still well off its 2016 highs, according to the 10th 2022 Verizon Payment Security Report. In response to ever escalating cyberthreats in the payments industry, the PCI Security Standards Council instituted its most ambitious rewrite of the PCI DSS since 2004, the report said.
PCI DSS is a global standard that provides a baseline of technical and operational requirements designed to protect account data. This Help Net Security video introduces the most important PCI DSS 4.0 changes.
PCI DSS is a global standard that provides a baseline of technical and operational requirements designed to protect account data. To provide organizations time to understand the changes in the new version and implement any updates needed, the current version of PCI DSS, 3.2.1, will remain active for two years until it is retired on 31 March 2024.
While strong passwords have always been required by the PCI standard, the password requirements are more stringent than before. A recent study found that 56% of breached passwords were deemed compliant with PCI requirements it's good to have a backup method of password protection in place.
At the end of March 2022, the PCI Council released the PCI DSS 4.0. The current version of PCI DSS will still be available until Q1 2024, at which point 4.0 goes into full effect, with the exception where the Council has turned the evolving controls.
The PCI Security Standards Council and the National Cybersecurity Alliance issued a joint bulletin on the increasing threat of ransomware attacks. The high-profile ransomware attacks in 2021 have been part of a larger global increase in ransomware crime.
The updated standard helps payment card vendors secure the components and sensitive data involved in the production of payment cards, protecting against fraud via the compromise of card materials. PCI Card Production and Provisioning Security Requirements version 3.0 ensure the strongest protections for customer payment information during card production and provisioning.