pci dss

Payment Card Industry Data Security Standard

History

PCI DSS was developed to stem the tide of credit card fraud where Visa and Mastercard had losses topping $750 million between 1988 and 1998. PCI DSS is the brainchild of Visa, Mastercard, Discover, and American Express that was standardized in 2004. The goal of PCI DSS is to have security requirements for management, policies, procedures, network architecture, and software design to prevent a data breach or in the vent of a breach to keep the damage to a minimum. PCI DSS is for merchants and service providers (the focus of this article), PCI PA-DSS is for software developers, and PCI PTS is for device manufacturers. (more…)