Compliance Glossary

What is PCI Compliance?

Definition

PCI compliance refers to an organization's adherence to PCI DSS requirements for protecting cardholder data. Compliance is validated annually through either a QSA assessment (Level 1) or Self-Assessment Questionnaire (Levels 2-4), and quarterly through network vulnerability scans by an Approved Scanning Vendor.

In Depth

Achieving and maintaining PCI compliance is an ongoing process rather than a one-time event. The compliance lifecycle includes annual validation (QSA assessment or SAQ), quarterly external network vulnerability scans by an Approved Scanning Vendor (ASV), internal vulnerability scans, annual penetration testing, and continuous monitoring of security controls. Compliance levels are determined by annual transaction volume: Level 1 (over 6 million transactions) requires a full QSA assessment, while Levels 2-4 may use SAQs with varying requirements. Non-compliance carries significant consequences including monthly fines from card brands ($5,000 to $100,000), increased transaction fees, and ultimately the loss of ability to accept card payments. In the event of a data breach, non-compliant organizations face additional forensic investigation costs, card replacement fees, and potential liability for fraudulent transactions. Many organizations find that maintaining year-round compliance through continuous monitoring is more cost-effective than the annual scramble to demonstrate compliance at assessment time.

Related Frameworks

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