Today, it seems cash is a thing of the past, with most shoppers leaning on credit cards or even mobile payment to complete transactions for both physical and online shopping. With the increase in these forms of payments, retailers are responsible for protecting their customers’ critical data from threat actors lurking around every corner, ready to siphon sensitive personal information. Material breaches, those compromising many records or having a significant impact on business operations, are even up 24.5%, with retailers experiencing the largest number across any industry.
Enter the Payment Card Industry Data Security Standard (PCI DSS): the gold standard of compliance for all businesses that store, transmit and process cardholder data, intended to improve the security of sensitive user data. Much like changing regulations for government agencies, retailers are preparing to navigate the next major update: PCI DSS 4.0.
As threat actors set their sights on retailers who begin their journey to comply with PCI DSS 4.0, retail organizations should remember that compliance is only the beginning of their cybersecurity journey. While PCI DSS 4.0 provides guidance toward…
