The Payment Card Industry Data Security Standard is a set of policies designed to better secure financial transactions. The standard was put in place to protect cardholders and their information. The four major credit card companies – Visa, MasterCard, American Express and Discover – worked together to create PCI DSS in 2004 to better protect consumers.

The purpose is to reduce the risk of credit card fraud and prevent hackers from accessing cardholder data. While fraud still happens, PCI DSS greatly reduces the risk by holding businesses accountable for the protection of financial data.

The Six Objectives

Businesses that accept payments must maintain PCI DSS compliance, which is made up of six main objectives including:
  • 1. Secure networks must be in place to prevent cybercriminals from easily eavesdropping on transactions. Part of this requirement is enforcing secure authentication methods for users and allowing them to frequently change passwords.
  • 2. All user data collected must be stored securely. Data must be encrypted when being transmitted via public networks.
  • 3. All systems must stay updated to prevent security vulnerabilities and must use updated anti-virus, anti-malware and other security protection services.
  • 4. Data access must be restricted. Businesses shouldn’t ask for anything more than what’s required and all users of the network must have unique credentials. Any physical documents must be destroyed when no longer needed to prevent unauthorized access.
  • 5. Networks must be maintained and monitored for optimal security at all times.
  • 6. Networks must be maintained and monitored for optimal security at all times.
We go above and beyond these six objectives to help ensure your business maintains PCI DSS compliance. From vulnerability testing to compliance auditing, we work to help your business and consumers stay safer. Contact us today to find out more about our processes.