Companies that handle electronic credit card data are mandated by law to comply with PCI DSS (Payment Card Industry Data Security Standard). It doesn’t matter how small your business might be, and it doesn’t matter how briefly you may be in contact with the data. If you want to accept credit card payments, you’re obligated to comply.
New regulations just went into effect on January 1, and our sister site, eSecurityPlanet.com, has the low down on the changes in the new version.
The latest version of the Payment Card Industry Data Security Standard (PCI DSS v2.0) went into effect on January 1, 2011. If your work for an entity that stores, processes, or transmits credit card data in electronic form, than your organization is required to comply with the standard or risk disciplinary action: being fined for lack of compliance by the acquiring bank or, in very extreme cases, no longer allowed to accept credit card payments.
Read the complete article: Getting Ready for PCI 2.0 Compliance
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