The proliferation of online transactions isn’t the only reason the PCI Council created the new 4.0 standard. Recent years have also seen increasingly sophisticated methods among cybercriminals, a surge in cloud use, and the rise of contactless payments. This spurred the need for an updated set of PCI DSS requirements, which were released in March 2022 and will become mandatory in March 2024 for all organizations that process or store cardholder data.
Guiding your organization toward complete PCI v4.0 compliance isn’t a one-time effort. Making the transition efficiently and effectively will take a phased approach. In addition to adopting new technical procedures, this new PCI release also calls for a shift in culture: Helping your organization view compliance as a security measure and fostering a security mindset among your teams is going to make a positive impact and help with PCI best practice alignment.
Follow the five steps in this executive guide to ensure you are leading your organization down the correct path for complete PCI v4.0 adherence in the necessary timeframe. Using this checklist will help you avoid audit fines and keep your organization’s name out of data breach headlines at the same time.