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PCI DSS
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Summarize this topic in 1 paragraph. Put a section heading for each paragraph. You MUST put double square brackets around each computer buzzword or jargon or technical words. Answer in MediaWiki syntax.
PCI DSS (Payment Card Industry Data Security Standard) is a set of security standards established to ensure the secure processing, transmission, and storage of payment card data. Developed by the Payment Card Industry Security Standards Council (PCI SSC), PCI DSS applies to organizations that handle credit card transactions, including merchants, payment processors, financial institutions, and service providers. The standard encompasses requirements for network security, encryption, access control, vulnerability management, and ongoing monitoring to protect cardholder data and prevent breaches. Compliance with PCI DSS involves implementing and maintaining robust security measures, conducting regular assessments, and adhering to reporting requirements outlined by the standard. Failure to comply with PCI DSS can result in fines, penalties, and reputational damage, making it essential for organizations to prioritize adherence to these standards.
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