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What Is the Payment Card Industry Data Security Standard?

April 26, 2017card Data Industry payment security security standards Siemens standard

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What Is the Payment Card Industry Data Security Standard?

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Overview: The Payment Card Industry Data Security Standard (PCI) is the amalgamation of VISA’s Cardholder Information Security Program (CISP) and Site Data Protection (SDP) created by MasterCard International. The PCI Standard was developed to provide a ‘Minimum security standard’ with regards to cardholders’ account and transaction information. While card issuers introduce new security measures to make the use of a card more secure for an individual, identity theft around the globe is becoming an ever increasing problem. Measures such as this are often not enough to cater for organised crime, often more interested in the financial gains available from obtaining large quantities of customer details from one source than the lower volumes associated with physical card theft. (Is this item miscategorized? Does it need more tags? Let us know.