The Evolving Landscape of PCI DSS Compliance for Payment Processors: Updates and Strategies for Compliance

Authors: Haritha Madhava Reddy

DOI: https://doi.org/10.5281/zenodo.14209324

Short DOI: https://doi.org/g8rrg3

Country: USA

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Abstract: The Payment Card Industry Data Security Standard (PCI DSS) provides a framework for protecting sensitive cardholder information, critical in a digital world where cybersecurity threats are rampant. With the continued evolution of digital payment technologies and threats, PCI DSS has undergone multiple updates to address new vulnerabilities. This essay explores recent updates to PCI DSS, challenges faced by organizations in adhering to these standards, and strategies to achieve compliance. The discussion focuses on the impact of these standards on payment security, the broadening scope of PCI DSS, and the effectiveness of implementing enhanced security practices. The paper highlights how compliance can be achieved through multi factor authentication, encryption, and automation while evaluating PCI DSS's overall impact on the security posture of the payment industry.

Keywords: PCI DSS, Compliance, Data Security, Payment Card Security, Cybersecurity, Payment Processing, Standards, Compliance Strategies

Paper Id: 231660

Published On: 2021-04-08

Published In: Volume 9, Issue 2, March-April 2021

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