ISO/IEC 27001 is widely known, providing requirements for an information security management system (ISMS), though there are more than a dozen standards in the ISO/IEC 27000 family. Using them enables organizations of any kind to manage the security of assets such as financial information, intellectual property, employee details or information entrusted by third parties.
“Resiliency” is a word that gets thrown around a lot by professionals interested in the continuity of business in times of disruption. The fact is that depending on the industry and business model, resiliency is more akin to a science than anything else. Professionals measure things like logistics, statistics, risk and operational effectiveness to balance preparedness and operational efficiency.
The Payment Card Industry Data Security Standard is a voluntary security framework to help protect customers and merchants against the theft of credit card data during POS transactions. Like many other compliance frameworks, PCI DSS has continually evolved over the years to match new technologies and new threats to the privacy of consumers shopping online and off. As of 2021, the PCI Security Standards Council has announced the newest version of PCI DSS, version 4.0.
While the official documentation for the updated standard has, as of March 2021, not been released, many merchants and banks are preparing for the transition. Here are some basics into PCI DSS and the move to version 4 coming Summer 2021.