The legal implications of the PCI data security standard

The Payment Card Industry Data Security Standard presents serious legal challenges and risk for retailers.

While starting off as “just” an information security standard, the Payment Card Industry Data Security Standard, v. 1.1 (“PCI” or “PCI Standard”) now presents serious legal challenges and risk for retailers. The PCI framework currently operates like a law without courts or regulators. Moreover, in many cases PCI compliance is performed by security professionals with no attorney collaboration and little understanding of the legal risks involved. Unlike security laws, the PCI Standard and Security Program rules are not statutes or regulations enforced ...
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