PCI:DSS stands for Payment Card Industry Data Security Standard. It is a set of security standards established by major credit card companies to ensure the protection of cardholder data during payment transactions. PCI:DSS compliance is mandatory for any organization that handles credit card information, including merchants, service providers, and financial institutions. The standard includes requirements for network security, data encryption, access controls, and regular monitoring to prevent data breaches and protect sensitive customer information. Adhering to PCI:DSS helps businesses build trust with their customers and avoid costly penalties for non-compliance.

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