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The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle branded credit cards from the major card schemes. The standard was created to increase controls around cardholder data to reduce credit card fraud.
Analyze your compliance level. Advertisement. Fill out the self-assessment questionnaire. Make any necessary changes. Find a provider that uses data colonization. Complete a formal attestation of compliance. File the paperwork.
In general, PCI compliance is required by credit card companies to make online transactions secure and protect them against identity theft. Any merchant that wants to process, store or transmit credit card data is required to be PCI-compliant, according to the PCI Compliance Security Standard Council.
How much does PCI compliance cost? If square a small business, PCI DSS compliance should cost from $300 per year (depending on your environment). If you're a very large enterprise and need a PCI DSS assessment, expect to pay $70,000+ in total costs (depending on your environment).
How long is the PCI compliance certification valid? The PCI compliance certification is valid for one year from the date the certificate is issued. To maintain your compliance, you are required to complete the PCI DSS self-assessment questionnaire annually and conduct any applicable network scans on a quarterly basis.
A Qualified Security Assessor is an individual bearing a certificate that has been provided by the PCI Security Standards Council. This certified person can audit merchants for Payment Card Industry Data Security Standard (PCI DSS) compliance.
The Payment Card Industry Data Security Standard (PCI DSS) provides steps that all merchants who process card payments, store or transmit credit, debit, or prepaid card information need to follow to provide secure transactions. The main purpose of the PCI DSS is to reduce the risk of debit and credit card data loss.
The PCI DSS applies to any merchant or service provider that handles, processes, stores or transmits credit card data. For merchants, the PCI Security Standards Council has provided on-your-honor compliance validation tools in the form of Self Assessment Questionnaires (SAQ's).
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