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In this video, the Red Python channel discusses the certification process for PCI DSS, applicable to businesses of all sizes. They cover the definition, principles, and 12 requirements of PCI DSS, as well as the certification process and fines for non-compliance. The transition from version 3.2.1 to version 4 is also highlighted. The video starts by explaining acronyms such as ASV (Accredited Scanning Vendor) and QSA (Qualified Security Assessor).