What is the PCI standard for payment card industry?

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The PCI standard refers to the Payment Card Industry Data Security Standard (PCI DSS). It is a set of security requirements developed by the Payment Card Industry Security Standards Council (PCI SSC) to ensure the secure handling of cardholder data. The PCI DSS applies to any organization that processes, stores, or transmits payment card data, including merchants, service providers, and financial institutions. The standard consists of a set of 12 requirements that cover areas such as network security, access control, data protection, and security monitoring. Compliance with the PCI DSS is mandatory for organizations involved in payment card transactions to protect cardholder data, prevent data breaches, and maintain the trust of customers and the payment card industry.

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