On the Shop Floor
In this episode of Weaver: Beyond the Numbers, On the Shop Floor podcast, hosts Colby Horn, Kurtis Dixon, and their guest Brittany George explore the intricacies of PCI compliance and its pivotal role in the retail sector. They discuss the evolution of PCI standards, the challenges, and opportunities they present for businesses, and the broader implications for the retail industry.
- PCI safeguards cardholder data for retailers and service providers
- The shift to PCI version 4.0 brings new challenges and opportunities
- Non-compliance can result in severe penalties and business disruptions
PCI compliance is essential for any organization that handles cardholder data. With the impending shift from PCI version 3.2.1 to 4.0, businesses must proactively understand and adapt to the new requirements. This episode offers a comprehensive overview of PCI compliance’s importance, challenges, and the strategies companies can employ to remain compliant.
Brittany George, a partner of IT advisory services, shares, “PCI was initiated in 2004 by the major card brands. Over the decades, it has evolved in response to the changing security landscape.” The dynamic nature of PCI standards underscores the imperative for businesses to stay abreast of these changes.