Pci Dss V4.0 Is Coming, Here'S How To Prepare To Comply – Techtarget

PCI DSS v4.0 is coming, here's how to prepare to comply – TechTarget

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In the first quarter of 2024, PCI DSS v4.0 will go into effect, supplanting the current v3.2.1 PCI standard that has governed credit card transaction security since 2018.
The new version of PCI DSS was released In March 2022. Both versions will coexist until v3.2.1 is officially retired on March 31, 2024, in favor of v4.0. However, credit card companies and vendors that use credit card transactions have until March 2025 to demonstrate compliance with v4.0. This transition period provides the time necessary for organizations to update their systems, policies and procedures to achieve compliance with the updated standard.
The new PCI standard is expected to include support for the following:
The following are the 12 PCI DSS criteria:
Organizations that adhere to the criteria will have an easier time complying with PCI DSS v4.0 requirements.
Any business, merchant or organization that handles cardholder data must comply with PCI DSS requirements. The standard also governs how data is processed by major credit card companies, among them Visa and Mastercard.
The specification divides organizations into the following four categories:
Even though PCI DSS v4.0 isn’t mandated just yet, now is the time to begin the work needed to demonstrate compliance with the new standard.
Here are 10 steps companies should be taking:
PCI DSS v4.0, once implemented, will further fortify security measures designed to protect cardholder data from a variety of potential risks and threats. Look for more information about the new standard from the payment card industry, as well as from security organizations offering guidance and technologies aimed at supporting the transition to the new standard.
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