Legal Glossary

Definition of PCI Data Security Standard

The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that process credit card payments.

It was created by the Payment Card Industry Security Standards Council to help businesses protect their customers’ sensitive financial data and reduce the risk of breach.

By following PCI DSS, businesses can ensure they have the necessary safeguards in place to store, process, and transmit payment card information securely.

This includes having measures to protect against malicious software, securely encrypting data transmission, and regularly testing security systems and processes.

Adhering to PCI DSS can help businesses prevent data breaches, reputational damage, and costly fines.

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