PCI DSS, the Payment Card Industry Data Security Standard, is a set of standards that, more than many regulatory and compliance efforts, has real world relevance. PCI compliance can earn merchants tiered interchange rates and protection from fraud losses, while a lack of compliance can result in monthly fines of thousands or tens of thousands of dollars per month. Unlike some compliance efforts with relatively small penalties that are unlikely to be applied, PCI compliance has significant financial implications with a high probability of impact.
PCI DSS 2.0 is being released today. Earlier, we took a look ahead at some issues around PCI in a piece that you can read here.
So, now that we are on the cusp of a new set of standards, what’s new? Read More »