Cybersecurity threats loom significant and data breaches send shockwaves through industries, it’s imperative to celebrate milestones that make out the digital world a safer place. Today, we proudly acknowledge a significant achievement in the realm of payment software security, the evolution and progress of the Payment Card Industry Data Security Standard (PCI DSS).
PCI DSS, developed collaboratively by the major credit card companies, including Visa, Mastercard, and American Express has become the cornerstone of safeguarding credit card transactions. Over the years, it has transformed from a mere concept into a robust framework that inspired confidence and trust in businesses and consumers alike. What else is there to know?
Well PCI DSS was initially introduced as a response to escalating concerns over data breaches. Now it has grown to a whopping comprehensive set of 12 requirements encompassing all facets of protecting sensitive payment information. From secure network architectures and strong access controls to rigorous monitoring and regular testing, this has emerged as a golden standard in payment software security. Sounds fancy right?
Be prepared to be even more blown away because the PCI Security Standards Council recently hit a significant milestone of 100 products validated to the Secure Software Standard. The importance of these milestones lies within the fact that “The growth of this program reinforces the important role that security plays when developing payment software” said Jake Marcinko, Senior Manager.
Payment security is at the heart of the PCI SSC’s standards. When organisations choose to have their products validated to the Secure Software Standard, they are actively providing merchants and service providers with confidence that the listed products have been assessed against a stringent set of software requirements. But how does one get their products listed?
“Software vendors can use the PCI SSC website to choose a qualified Software Security Framework (SSF) Assessor company to work with. The SSF Assessor company will work with the vendor to fully assess their software product against the Secure Software Standard. The SSF Assessor will submit the report to PCI SSC and, following a satisfactory review, the product will be listed” said Jake Marcinko.
Pretty simple, right?
As some celebrate this milestone in the evolution of PCI DSS, it can be seen as a gentle encouragement to embrace the transformative power of payment software security. By implementing and validating their systems against these rigorous standards, businesses can safeguard their data, protect their customers and elevate the trust and credibility they have worked so hard to build. Wins all around!
