Over the past 15 years, the Payment Card Industry Data Security Standard (PCI DSS) has evolved, grown, and put forth increasingly high standards for every company involved in payments. PCI DSS is a global standard and requirement designed to ensure that all companies maintain a secure environment when accepting, processing, storing, or transmitting credit card information.
When we work with enterprises in the financial industry to identify their high-value assets (their ‘crown jewels), PCI compliance factors in highly and is always a top priority. But like all rules, regulations, and compliance, it needs to be enforced to be effective. Enforcing PCI compliance falls to a few different parties, namely credit card brands, associated banks, as well as retailers.
PCI compliance around the globe
However, on a global scale, we’ve seen different reactions and adoption rates depending on the country in question. When we look at the US, for example, companies there have been subject to rigid enforcement of PCI DSS so have been quick to adopt while here in Australia, organisations are finding it ‘too hard’ and are also failing to maintain compliance once it’s achieved…Click here to read full article.
