A multinational organization wants to ensure its network security policies and data handling practices are correctly aligned with the necessary legal requirements. Which regulatory standard is specifically targeted at protecting cardholder data during processing and storage?
Payment Card Industry Data Security Standards (PCI DSS)
PCI DSS (Payment Card Industry Data Security Standards) is specifically designed to protect cardholder data during processing and storage. This standard applies to all entities involved in payment card processing, including merchants, processors, acquirers, issuers, and service providers. GDPR focuses on the protection of personal information of individuals within the European Union, making it too broad for this particular context. Data locality emphasizes the localization of stored data for regulatory reasons, which is not directly related to payment data protection.
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What specific requirements does PCI DSS have for organizations handling cardholder data?
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How does PCI DSS differ from GDPR in terms of focus and application?
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What are the penalties for non-compliance with PCI DSS?