Symantec Announces Comprehensive Program to Address Payment Card Industry (PCI) Data Security Standard

Symantec Announces Comprehensive Program to Address Payment Card Industry (PCI) Data Security Standard

Symantec Corp. (Nasdaq: SYMC) today announced Symantec PCI Services, a programmatic approach enabling organizations to meet the Payment Card Industry (PCI) Data Security Standard, reducing overall risk associated with payment card processing, and ensuring a more resilient infrastructure. These services help organizations identify and manage data security risks for merchants and service providers that manage credit cardholder data.

“The updated PCI specifications require organizations to implement significant security controls. Organizations should seek advice from partners who know how to design and implement practices required by the standard,” said Andrew Jaquith, senior analyst, Yankee Group. “PCI also places increased liability on vendors who offer certification services. When choosing a security partner, companies should work with third parties who stand behind their work, and who are willing to take on the liability associated with certification.”

The PCI Data Security Standard, endorsed by Visa, MasterCard International, and other card brands, requires merchants and service providers that store, process or transmit customer credit card data to adopt aggressive security controls and processes to ensure data integrity. Regular compliance reports by a certified third-party assessor are required to achieve compliance for merchants and service providers that handle a large number of transactions. Merchants and service providers that do not comply with the payment brand security requirements are subject to penalties or fines.

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