PCI DSS is there to protect cardholder data and online transactions, both of which are particularly important to -ecommerce businesses. With data breaches and cyberthreats continuously on the rise, PCI DSS compliance keeps organisations and customers safe, demonstrating proactivity when it comes to data security, confidentiality and integrity.
However, achieving PCI DSS compliance requires work. The accreditation comes with a stringent set of security implementations, from secure payment information storage to data transmission encryption.
Let’s take a closer look at the relationship between PCI DSS and e-commerce – including the steps that businesses must take to achieve compliance.
Why is PCI DSS necessary for e-commerce?
So much of today’s buyer-seller transactions take place digitally, both online or using in-store card machines. PCI DSS (or Payment Card Industry Data Security Standard) is more relevant than ever in helping businesses run smoothly.
A new iteration of the standard, known as PCI DSS 4.0, introduces a range of new requirements and safety measures designed to improve the security of e-commerce businesses even more and fortify the safety of online transactions.
Understanding PCI DSS 4.0
PCI DSS 4.0 is set to take effect in April 2025. The latest version of the standard introduces 51 new requirements, representing a comprehensive overhaul to the payment card security system in an effort to tackle modern cybersecurity challenges.
This is particularly relevant for e-commerce businesses, as they need to undertake a thorough review of security protocols in order to adapt to the more stringent data handling methods outlined in 4.0.
Compliance to 4.0 requires businesses to implement robust security procedures, with the overall goal of enhancing the overall security of your organisation’s payment platform and systems.
Key dates for PCI DSS 4.0
To prepare for necessary changes, e-commerce businesses should know their deadlines. April 2024 marked the point at which auditors began using the new version of the standard in their assessments. From March 2025, the full enforcement of PCI DSS 4.0 begins.
In the interim, e-commerce businesses should engage in continuous hardware and software assessments, educating staff on new requirements, and making use of tools and services designed to make the road to PCI DSS compliance smoother.
Achieving PCI DSS compliance
With a 2025 deadline and 51 new requirements to consider, it’s easy to feel overwhelmed as an e-commerce business when tackling PCI DSS compliance. However, there are steps that can and should be taken to make the journey easier, and these efforts should begin now.
Acting early can save you hassle and costs down the line. Be proactive by developing a comprehensive information security strategy, covering execution, policy planning, and any organisational changes – be they cultural or technical.
Breaking down the task of compliance into manageable chunks can reduce the potential for disruption and encourage regular assessment and refinement, so consider a phased implementation process.
Does your business need help achieving PCI DSS compliance. Discover how the Hicomply platform can help you make compliance a breeze by visiting www.hicomply.com/pci-dss today.
