{"id":1183,"date":"2022-07-22T13:02:18","date_gmt":"2022-07-22T17:02:18","guid":{"rendered":"https:\/\/verito.com\/blog\/?p=1183"},"modified":"2026-04-10T14:26:22","modified_gmt":"2026-04-10T18:26:22","slug":"all-about-pci-dss-compliance","status":"publish","type":"post","link":"https:\/\/verito.com\/blog\/all-about-pci-dss-compliance\/","title":{"rendered":"All About PCI DSS Compliance"},"content":{"rendered":"

With the increased Internet adoption and rise of digital payments across the globe, you might have come across information emphasizing payment security. This is because the frequent transfer of business information, including sensitive card details over email and other modes, has also increased the related risk.\u00a0<\/span><\/p>\n

Per <\/span>PrivacyRights.org<\/span><\/a>, more than 11 billion consumer records have been compromised since 2005.<\/span><\/p>\n

If you run a business and hire several third-party service providers – tax firms, cloud hosting providers, etc., how will you ensure that your sensitive information will be protected? This is where PCI-DSS compliance comes to the rescue.<\/span><\/p>\n

In this guide, we will cover PCI-DSS standards in detail.<\/span><\/p>\n

What is PCI DSS?<\/b><\/h2>\n

PCI DSS stands for Payment Card Industry Data Security Standard. It is mainly a set of security standards that are designed for the protection of card and online payment transactions against data theft\/fraud.<\/span><\/p>\n

Initially, VISA, the global financial services corporation, began its own set of security standards, CISP, in the 1990s to protect against massive fraud levels. This was followed by similar implementation of security standards by companies like AmericanExpress and MasterCard.<\/span><\/p>\n

Finally, in 2006, an alliance of credit payment agencies created the Payment Card Industry Security Standards Council (PCI SSC). This council created a set of payment standards to be fulfilled by businesses that store, process, and transmit card holders\u2019 data. These standards are later renamed PCI DSS.<\/span><\/p>\n

What Does PCI DSS Certification Mean?<\/b><\/h2>\n

PCI DSS certification means the organization follows the best practices to ensure card data security on the business side with the help of firewalls, data encryption, antiviruses, etc. Besides this, PCI-DSS compliant service providers must add restrictions to access cardholder data and network resources.\u00a0<\/span><\/p>\n

The importance of PCI DSS compliance certification can also be realized from the fact that a data breach resulting in the loss of financial data can have severe consequences for a business, including lawsuits and reputational damage. Hence, working with PCI DSS-compliant service providers is advisable to ensure complete data integrity.<\/span><\/p>\n

Also Read: A Guide to SOC 2 Compliance<\/a><\/strong><\/p>\n

How Does It Work?<\/b><\/h2>\n

PCI DSS compliance is not just a certification but a regular process that involves:<\/span><\/p>\n