PCI Compliance Stands for Payments Card Industry Compliance and DSS Stands for Data Security Standards. These are the set of procedures the payment Card industry recommends for compliance with security standards and prevent Data Breaches.
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The core behind the implementation of a standardized set of procedures is to protect the cardholders ‘information. While using the cardholder’s information identity theft is very common and needs prevention. Using the card holder’s information identity theft can be easily done and that needs to be prevented. The strict adherence to PCI Compliance is the sole responsibility of merchants to ensure the security of cardholder data. Being a strict business requirement, all compliance rules are made by Payment Card Security Counsel. If you’re accepting card payments as a business, these requirements are absolutely crucial and cannot be missed. The reason is so that sensitive customer information and card data doesn’t fall into the wrong hands. The data is highly protected and is not used for malicious purposes.
Identity theft is something very common in the digital age. Hence, for the sole purpose of securing data, data privacy, and securing key info. were the two key highlights. Via any means or through phone, the card information can be taken easily. For the purpose of the data breach and using personalized information. Hence, hackers used to hack information to their advantage.
Courtesy: MBE Blog
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