Cyberattacks have been very prominent in the last decade. Just last week, social media giant Twitter fell prey to it wherein accounts of prominent personalities, like Elon Musk, Bill Gates, former U.S. President Barack Obama, and others were hacked. While we cannot stop these attacks completely, there are certain rules and regulations that, if followed, will significantly reduce the risks. Many times, organizations need to comply with many such rules and regulations which have overlapping qualities.
PCI Compliance stands for Payment Card Industry Compliance. It is a defined set of standards/protocols that are maintained to protect the privacy of the credit cards’ owners during all the financial transactions. These protocols apply to all those concerns that accept credit card payments. It is applicable for all those store, process and transmit cardholder data. 5 major credit card companies came forward to create these to ensure a safe transaction and online payment experience.