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Payment Card Industry Data Security Standard

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ALSO CALLED: PCI DSS, Payment Card Industry Standard, PCI Standard, PCI Data Security Standard
DEFINITION: The Payment Card Industry Data Security Standard (PCI DSS) is a widely accepted set of policies and procedures intended to optimize the security of credit, debit and cash card transactions and protect cardholders against misuse of their personal information. The PCI DSS was created jointly in 2004 by four major credit-card companies: Visa, MasterCard, Discover and American Express.The PCI DSS specifies  … 
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Payment Card Industry Data Security StandardIT Downloads (View All Report Types)
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PAYMENT CARD INDUSTRY DATA SECURITY STANDARD DEFINITION (continued): …  and elaborates on six major objectives.First, a secure network must be maintained in which transactions can be conducted. This requirement involves the use of firewalls that are robust enough to be effectivewithout causing undue inconvenience to cardholders or vendors. Specialized firewalls are available for wireless LANs, which are highly vulnerable to eavesdropping and attacks by malicious hackers. In addition, authentication data such as personal identification numbers (PINs) and passwords must not involve defaults supplied by the vendors. Customers should be able to conveniently and frequently … 
Payment Card Industry Data Security Standard definition sponsored by SearchFinancialSecurity.com, powered by WhatIs.com an online computer dictionary

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