Are you ready for the next version of the Payment Card Industry Data Security Standard (PCI DSS)?

PCI DSS v4.0 is expected to be released in late 2023 or early 2024 and it will bring significant changes to the current standards, which were created to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment.

The main objective of PCI DSS v4.0 is to improve the overall security posture of organizations and to address the evolving threat landscape.

The new version will provide more specific guidance on how to implement and maintain effective security controls to protect payment card data. It will also focus on the need for organizations to adopt a risk-based approach to security, which involves identifying and prioritizing security risks based on the likelihood and impact of a potential breach.

Another key difference in PCI DSS v4.0 is that it will require organizations to implement a more comprehensive set of controls. For example, the new standard will introduce new requirements for authentication and encryption, as well as new controls for detecting and responding to security incidents. Additionally, it will require organizations to implement more frequent and comprehensive security testing and assessments.

PCI DSS v4.0 represents a significant shift in the approach to payment card data security. It acknowledges that the security landscape is constantly evolving and organizations need to take a more proactive and risk-based approach to security.

By implementing the new standard, organizations can ensure that they are meeting the latest security requirements and protecting their customers’ payment card data.

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