For two decades, the Payment Card Industry Data Security Standard (PCI DSS) has been the only show in town when it comes to regulating cardholder data. Created by the five big card companies (Visa, Mastercard, Discover, JCB and American Express) in 2004, it aims to enforce compliance through a kind of carrot-and-stick approach. That is, follow the rules and your organization will be able to continue processing card payments as usual. But fail to comply, and major fines could be headed your way.

*** This is a Security Bloggers Network syndicated blog from comforte Blog authored by Mirza Salihagic. Read the original post at: https://insights.comforte.com/counting-the-cost-of-pci-dss-non-compliance