Companies that carry out any type of payment transaction via credit, debit, or other cards, whether online, offline, or through any other channel, expose themselves to the risk of cybercrime, particularly if they don't have PCI DSS compliance and certification. Malicious Attackers always target such highly confidential and sensitive information (CHD/SAD) for direct theft and fraud. If your company is part of the Payment ecosystem as a Merchant, Processor, or providing any services to these companies can also fall victim to these kinds of cyberattacks. To mitigate these risks, the Security Standards Council (SSC) of the Payment Card Industry (PCI) has formulated numerous controls across several security standards to keep companies and consumers protected. Read more about PCI SSC Standards.
One of such very highly praised security standard is PCI DSS. The Payment Card Industry Data Security Standard (PCI DSS) is a widely accepted global standard recommended by the major Card brands like Visa, Mastercard, JCB, American Express, Discovery. PCI DSS standard is consisting of set of policies and procedures intended to optimize the security of credit, debit and cash card transactions and protect cardholders against misuse of their personal information.