PCI DSS explained: Requirements, fines, and steps to compliance - Cyber Security News

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PCI DSS meaning

PCI DSS is a cybersecurity standard backed by all the major credit card and payment processing companies that aims to keep credit and debit card numbers safe. PCI DSS stands for Payment Card Industry Data Security Standard.

Companies can demonstrate that they’ve implemented the standard by meeting the reporting requirements laid out by the standard; those organizations that fail to meet the requirements, or who are found to be in violation of the standard, may be fined.

What is PCI DSS used for?

PCI DSS, which is administered by the Payment Card Industry Security Standards Council, establishes cybersecurity controls and business practices that any company that accepts credit card payments must implement.

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