The latest updates from the Payment Card Industry Data Security Standard, known as PCI DSS 3.2, will become mandatory on February 1, 2018. This will affect all merchants and service providers who accept credit card payments from Visa, MasterCard, Discover, and American Express. The creators of this iteration believe that PCI DSS 3.2 will provide stronger security measures for consumers against the attacks of cyber-thieves and hackers.
PCI DSS 3.2 affects all merchants who store, process or transmit the sensitive data of cardholders. This highly detailed document contains 12 requirements for safeguarding the data of cardholders. In 2015, PCI DSS v3.0 was used to provide guidelines for merchants regarding compliance. Then, in 2016, PCI DSS v3.1 was released, which clarified many of the requirements of its earlier predecessor PCI DSS v3.0.