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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

However, with this widespread adoption comes an equally significant risk which is the growing threat of data breaches and payment fraud. This is where PCI DSS (Payment Card Industry Data Security Standard) compliance becomes essential for Australian businesses. The latest version PCI DSS v.4.0

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Understanding PCI DSS, PSD2, and AML in Payment Processing: A Practical Guide

Finextra

That’s where PCI DSS, PSDS2, and AML come in. Non-compliance, on the other hand, can lead to data breaches and legal troubles. PCI DSS: Safeguarding cardholder data If you handle card payments, PCI DSS compliance is non-negotiable. What is PCI DSS? You know this already.

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PCI DSS 4.0

Cardfellow

You can also check out the PCI at a glance infographic for a quick overview. For simplicity, I will just refer to PCI DSS standards as PCI for the rest of this article. What is PCI again? In the past, Ive written about how to achieve and maintain PCI compliance. What changed in PCI 4.0? requirements.

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PCI Compliance for Banking Professionals

Fi911

The Payment Card Industry Data Security Standard (PCI-DSS) is a set of global standards developed to safeguard cardholder data. Compliance ensures robust security practices to prevent breaches and protect sensitive payment card data. Staying up-to-date with PCI-DSS compliance should be a top priority.

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What to Know About Tokenization

Basis Theory

How tokenization applies to being PCI compliant and meeting the 12 PCI DSS requirements. Minimize or Eliminate Compliance Requirements While necessary, compliance, particularly, the 12 PCI DSS requirements , are a significant burden for organizations to bear.

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Payment orchestration: Beyond transaction routing

The Payments Association

These tokens are useless if intercepted, significantly mitigating the risk of data breaches. Additionally, centralised reporting simplifies financial reconciliation and compliance efforts, enhancing control and accountability for finance and operations teams.

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Beyond the Firewall: Rethinking Payment Data Security

Finextra

Data breaches involving bank account details not only damage reputations and erode customer trust but can also expose organisations to direct financial loss, fraud recovery efforts, and regulatory scrutiny. Even if a breach occurs, attackers get meaningless tokens rather than actionable payment credentials. And the stakes are high.