The Payment Card Industry Data Security Standard (PCI DSS) is a set of strict guidelines set down by several of the world's leading payment card providers, designed to ensure that retailers are keeping to best practice recommendations when accepting the personal and financial information of consumers.
Adherence to the PCI DSS is mandatory for any retailer – be they operating in a standard brick and mortar store, in the digital sphere, or both – who chooses to accept credit or debit card information.
It is important to note that the PCI DSS is not a one-size-fits-all set of regulations, as different enterprises will have different requirements based on their size and the policies they implement.
While complying with the PCI DSS can be difficult at times, neglecting to ensure adherence with these regulations can be a dangerous mistake to make.
When a retailer chooses not to adhere to PCI DSS they put the personal information of customers at significant risk of being accessed or stolen by malicious cyber criminals.
A security incident such as this is not merely damaging in a reputational sense, it can also have a huge impact in terms of legal ramifications. Therefore businesses should look upon PCI DSS as not merely an ethical obligation, but also a legal one as well.
The best way to achieve PCI DSS compliance is by contacting a third party organisation experienced in evaluating and assisting retailers in this department.
By providing a comprehensive assessment of the various shortfalls of your organisation's existing protocols, these experts can assist you in determining exactly which corrections need to be made in order to achieve full compliance.
That way, you can continue to operate safe in the knowledge that you are taking the necessary steps required to maximise vulnerability management and protect your valued customers.