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PCI DSS, the Payment Card Industry Data Security Standard, was developed to enhance cardholder data security globally. It applies to all organizations that handle card payments, requiring them to comply with consistent data security measures. Failure to comply may result in financial penalties or the inability to accept card payments. The standard was created in collaboration with major credit card brands and applies to all organizations that accept or process cardholder data. Compliance requirements vary based on organization size and transaction volume.
