Please remind me of the background to the Payment Card Industry Data Security Standard (PCI DSS)?
The Payment Card Industry Data Security Standard (PCI DSS) is a set of comprehensive requirements for enhancing payment account data security. The founding members of the PCI Security Standards Council; American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa International, developed the standard to help facilitate the broad adoption of consistent data security measures on a global basis. Put simply, PCI DSS is about preventing card payment information held by merchants, or their third parties, from being used fraudulently and all the consequential financial and reputational losses associated with this. PCI Security Standards Council assumed responsibility for PCI DSS in 5 main areas: Develop and maintain a global, industry-wide technical data security standard for the protection of account holder information. Reduce costs and lead times for Data Security Standard implementation and compliance by establishing common technical standards and audit p
