During the last 12 months, there were more than £0.5 billion in card fraud in the UK, most of it (about 80%) from transactions made using the card details online, mainly in e-commerce. In 2024, compromised data affected over 1.35 billion users worldwide, underscoring that actors targeting payment systems continue their efforts. Experts still regard PCI DSS compliance UK as the most important standard for protecting cardholder information in the industry. Besides requiring it, such changes provide important protection from new cyber attacks focused on collecting payment information and customer data.
What is PCI DSS Compliance?- A Short Overview
The process of PCI DSS compliance requires organizations to follow the Payment Card Industry Data Security Standard guidelines for handling payment card data. They apply to everything, such as security on the network and staff education, so cardholder data is preserved at all points of the payment procedure.
An organization complies with PCI DSS certification when it follows the required technical and management steps to keep cardholder data safe from being taken or used incorrectly.
Requirements for PCI DSS Compliance in the UK in Terms of Laws and Contracts
The PCI compliance requirements are included in contracts for any business that deals with payment card data. If businesses linked to Visa or Mastercard fail to obey the required standards, they may receive heavy penalties, higher transaction charges, and a bad reputation.
Being compliant with PCI DSS standards is extremely important for strong and secure payment systems. This year, UK organizations must prize PCI DSS compliance more than ever because of increasing card fraud and constant changes in cyber threats. Adopting the most recent guidelines and promoting security helps UK companies manage the problems related to digital payments. Contact leaders like Qualysec Technologies today!
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Source: https://qualysec.com/benefits-of-pci-dss-compliance-for-uk-organizations/