From: InfoSecurity
The Payment Card Industry Data Security Standard (PCI DSS) is a worldwide standard set up to help businesses process card payments securely and reduce card fraud through tight controls surrounding the storage, transmission and processing of cardholder data that businesses handle.
Due to the sensitivity of the data that is handled in this process, it’s seen as a high priority for retailers to adopt PCI DSS. If a retailer isn’t PCI DSS compliant and loses customer card data, they risk the possibility of incurring Card Scheme fines, and may also be liable for the fraud losses incurred against these cards and the operational costs associated with replacing the accounts.
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