PCI-DSS
The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards intended to ensure that all companies that accept process, store or transmit credit card information maintain a secure environment.
While the PCI SSC has no legal authority to compel compliance, it is a requirement for any business that processes credit or debit card transactions. PCI certification is also considered the best way to safeguard sensitive data and information, thereby helping businesses build long lasting and trusting relationships with their customers. Benefits of implementation as mentioned below but not limited to the list.
Prevent data breaches
Build Customer Confidence in assessed companies;
Identifying and mitigation of risk
Avoid fines and penalties
Meet global information security standards