Why PCI DSS 4.0 Should Be on Your Radar in 2023
Dec 14, 2022
Data Security / Compliance
Protecting customer data is critical for any business accepting online payment information. The Payment Card Industry Data Security Standard (PCI DSS), created by leading credit card companies, establishes best practices for protecting consumers' information. By adhering to these standards, businesses can ensure that their customer's personal and financial information is secure. The PCI DSS security standards apply to any business that processes, stores, or transmits credit card information. Failure to comply with the PCI DSS can result in costly fines and penalties from credit card companies. It can also lead to a loss of customer trust, which can be devastating for any business. PCI DSS 4.0 was released in March 2022 and will replace the current PCI DSS 3.2.1 standard in March 2025. That provides a three-year transition period for organizations to be compliant with 4.0. The latest version of the standard will bring a new focus to an overlooked yet critically important ar
