Reference no: EM132074540

Question: "The security benefits associated with maintaining PCI compliance are vital to the long-term success of all merchants who process card payments. This includes continual identification of threats and vulnerabilities that could potentially impact the organization. Most organizations never fully recover from data breaches because the loss is greater than the data itself." - Quick Service Restaurant (QSR) Magazine

Primary Task Response:

Following the Payment Council Industry Data Security Standards (PCI DSS) is just good business. Such standards help ensure healthy and trustworthy payment card transactions for the hundreds of millions of people worldwide that use their cards every day.

1. Please define and describe the PCI DSS

2. What are potential liabilities from not following PCI DSS?

3. With regards to payment security:

• What data are thieves after?

• Where do thieves steal data?

• What needs to be secured?