What Ecommerce Shops Need to Know About PCI DSS
E-commerce shops are at high risk of cybercrimes, especially regarding consumer data. According to the RSA Anti-Fraud Command Center (AFCC), e-commerce stores lose $660, 000 per hour to fraud, with payment fraud being the biggest crime. To protect crucial details such as credit card information and prevent online fraud, your e-commerce store needs to obtain PCI DSS compliance. However, what is PCI DSS, and why is it essential for your e-commerce business?What is PCI DSS?Payment Card Industry Data Security Standard or rather PCI DSS is a set of standards developed by major credit card companies to protect consumers sharing their card information with e-commerce companies.In the beginning, there were no rules to guide the architecture of websites, let alone protect sensitive data...
