Retail Info Systems: How To Get a Jump-Start On PCI DSS 4.0 Regulations
September 6, 2023
Since 2004, the Payment Card Industry Data Security Standard (PCI DSS) has dictated how organizations that accept credit card payments must protect the data exchanged in those transactions. In 2022, PCI DSS released version 4.0 of its guidelines — the first full version update since 2013. As of today, the new standards are positioned as best practices, but merchants and service providers have until March 31, 2025, to implement necessary changes to comply with the new requirements.
While there is a generous grace period, many organizations will need considerable time to implement the necessary safeguards to maintain PCI DSS compliance once enforcement begins. And when you consider non-compliance fines can range from $5,000 to $100,000 per month, it’s imperative to start taking the necessary steps as soon as possible.