The sheer volume of card payments around the world offers a tempting and lucrative opportunity for hackers. According to the Federal Reserve, in 2018, Americans made 131.2 billion card payments worth $7.08 trillion. But as card payments grow, credit card fraud and theft grow too: in 2019, the Federal Trade Commission received 271,000 reports of credit card fraud in the US.
At the same time, the Payment Card Industry Data Security Standard (PCI DSS) is constantly evolving. PCI DSS was created to ensure that card transactions are secure throughout the entire payments ecosystem. PCI DSS 3.2.1 is currently the gold standard for organizations handling payment card information, but will be replaced by its more stringent successor, PCI DSS v4.0, from March 2024.
For any business processing payment card data, maintaining compliance with the latest PCI DSS requirements is critical. Failing to comply with the PCI DSS comes at the risk of financial penalty as well as increased exposure to data compromise. A breach can mean a potential loss of revenue, customers, brand reputation and trust.
Trusted by more than 300 QSAs across the globe as the go-to cardholder data discovery solution for PCI DSS 4.0 onsite assessments
Comprehensive capability to meet PCI DSS 4.0
Ensure PCI DSS 4.0 compliance with Card Recon by Ground Labs
Thousands of companies trust us to discover their sensitive data, including Virgin, Vodafone and 1-800-Flowers
Our solutions enable merchants, service providers and QSAs to quickly scan, identify and remediate PCI DSS data across workstations, point of sale devices and servers. Card Recon is a portable card data discovery tool that can run without installation on multiple supported platforms and can be executed from removable storage media, making it the perfect solution for PCI DSS scope validation.
QSAs Achieve PCI DSS Compliance
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PCI SSC European Community Meeting 2022
For the first time in three years, the European payments community gathered in Milan for the PCI SSC Community Meeting from 18–20 October. The event delivered a packed agenda including dedicated sessions for assessors and participating organizations.
PCI DSS 4.0: Myths and misconceptions
With the release of PCI DSS 4.0 in March 2022, a number of myths have been percolating throughout the payments community. In this piece, we’ll look at five of these to explain where they’ve come from and what the updated standard really means.