PCI DSS

Is the security of cardholder information an issue for businesses? What is PCI DSS? The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that any organisation that stores, processes, and/or transmits cardholder data maintains a secure environment for that sensitive information. If your employer accepts or processes payment cards you must comply with PCI DŚS. 100% YES Who needs to be compliant? £ Financial Institutions Merchants / Employees Service Providers Hardware / Software Why comply? hefty fines Prevent security breaches and theft What happens ifI don't comply? Customers trust you Improved IT efficiency PCI is a legal requirement by law! barred from card acceptance UK card fraud (2012) telephone, internet and 245.8 million mail order fraud 388 million UK card fraud total 54.5 retail face-to-face million transitions PCI DSS 3.0 In November 2013, the PCI SSC (Payment Card Industry Security Standards Council) released guidance on changes to the PCI DSS with the release of PCI DSS 3.0. Employers will start implementing new elements of the standard into company policies and procedures. All organisations will be expected to reach the required standard. Want to find out more about PCI DSS? VİRTUAL Get in touch to complete our online training course: COLLEGE call us on 01943885085 email [email protected] visit www.virtual-college.co.uk Business & Enterprise Division lost customers legal action possible closure lost revenue