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PCI

Changes from PCI DSS Version 3.2.1 to 4.0

In March 2022, PCI DSS launched a 4.0 version, which sets the operational and security standards for users. This new version is the replacement for the 3.2.1 variant. The authorities have upgraded the version to enhance security measures and help individuals and businesses handle growing security threats seamlessly. Financial companies have been sending feedback for the inefficient payment systems, due to which the PCI DSS launched a new security version PCI-DSS v4.0.

What you need to know about PCI 4.0: Requirements 1, 2, 3 and 4.

The Payment Card Industry Security Standards Council has released its first update to their Data Security Standard (PCI DSS) since 2018. The new standard, version 4.0, is set to generally go into effect by 2024, but there are suggested updates that are not going to be required until a year after that. This, of course, creates a couple of problems for those who want to phase in the new standard.

What Does PCI DSS 4.0 Mean for Client-Side Security?

PCI DSS 4.0 couldn’t have come at a more opportune time, particularly as the global pandemic forces more individuals into online purchasing—from shopping and entertainment to healthcare and hospitality. With PCI 4.0 compliance mandated by 2025, it is critical to understand now what it will mean for client-side security, so businesses can begin the implementation process.

What Is PCI Compliance?

Whether you’re a startup, an e-commerce company, or a large corporation, as long as you handle credit card transactions, you need to be aware of and comply with the Payment Card Industry Data Security Standard (PCI DSS). As online commerce and online payment technology continue to grow, they need to be accompanied by new rules and regulations to make sure that both the business and the customers are safe and secure.

Tech tales: Achieving PCI compliance with application security testing

In our new tech tales series, we discuss how Synopsys customers use our products and services to uncover security risks in their organization. Synopsys customers span every industry—from small to large enterprises across financial services, automotive, public sector, medical and healthcare, and much more. One thing they all have in common is building trust into their software.

PCI DSS 4.0 and ISO 27001 - the dynamic duo

It’s not often we can say this, but 2022 is shaping up to be an exciting time in information governance, especially for those interested in compliance and compliance frameworks. We started the year in eager anticipation of the new version of the international standard for information security management systems, ISO 27001:2022, soon to be followed by version 4.0 of the PCI DSS standard.

PCI DSS 4.0 is Here: What you Need to Consider

The Payment Card Industry Data Security Standard (PCI DSS) is a benchmark with tenure in the industry, with the first version being introduced in 2004. The PCI DSS was unique when it was introduced because of its prescriptive nature and its focus on protecting cardholder data. Cybersecurity is a changing landscape, and prescriptive standards must be updated to address those changes. The most recent update to the PCI DSS was in 2018, and the world has certainly changed since then.

Meeting PCI DSS Third-Party Risk Requirements

Organizations must enact effective third-party risk management (TPRM) programs to ensure their vendors fulfill cybersecurity requirements. Otherwise, they risk carrying the financial and reputational harm caused by customer data breaches. The PCI DSS standard covers aspects of third-party risk management as it's applicable to all organizations that process credit card data, especially the heavily regulated finance industry.