Written by Kiran Murthy & Eishu Richhariya Introduction PCI-DSS stands for Payment Card Industry Data Security Standard. This standard first came into the picture in 2004, and it was formed by Visa, MasterCard, Discover Financial Services, JCB International, and American Express. It is governed by PCI SSC, i.e., Payment Card Industry Security Standards Council. Applicability- PCI-DSS applies to companies/organization which accepts, store, process and/or transmits cardholder data. When will the new version PCIDSS v4.0 take effect? Until March 31, 2024, PCI assessments will choose the version (v3.2.1 or v4.0) for conducting the assessment. After this date, v3.2.1 will be retired, and v4.0 will become the singular standard. PCI-DSS v4.0 New Requirements The new version contains a substantial number of new requirements—64 in total. When using v4.0, only 13 out of 64 are mandatory. Until March 2025 additional 51 remain “best practices”; after the retirement of v3.2.1, it will be mandatory to complete a PCI DSS assessment. Changes in the Security Objective of PCI-DSS v4.0? PCI-DSS v3.2.1 PCI-DSS v4.0 Build and Maintain Secure Network and Systems Build and Maintain Secure Network and Systems Protect Card Holder Data Protect Account Data Maintain a Vulnerability Management Program Maintain a Vulnerability Management Program Implement Strong...