IBM today announced a new program that provides products and services to help customers achieve compliance with the Payment Card Industry Data Security Standard (PCI DSS). Unlike competitive offerings, the comprehensive program is designed to take companies through the entire PCI compliance process, from assessment to compliance to certification, helping them meet all 12 PCI requirements for safeguarding customer payment card data.
PCI is a global standard that applies to any company that processes, transmits or stores credit card information. The standard was created by credit card companies to help organizations prevent security breaches. Any company that processes credit card data today could be threatened by cyber-crime attacks, resulting in customer identity theft. Those companies that do not achieve PCI compliance could have their ability to process credit cards revoked, or could face increased processing costs. Given the far-reaching impacts security threats can have on organizations, non-compliant companies risk significant financial and customer losses and damaging effects on brand reputation.
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