With the GDPR (General Data Protection Regulation) now in effect, businesses across the EU are obliged to follow the regulation and compliant when it comes to handling and protecting personal data. While some may see this as a burden, those businesses already compliant with the Payment Card Industry Data Security Standard (PCI DSS) are seeing it as a good kick-start towards GDPR Compliance. This is mainly so because of the GDPR requirements most likely overlap with some of the existing regulations of the Payment Card Industry Data Security Standard (PCI DSS).
How is the PCI DSS and the GDPR regulation Complementary?
Goals of both PCI DSS and the GDPR are essentially the same. Both the regulations ensure that organizations protect customer’s confidential data. While the GDPR focus is on the confidential data of the citizens living in the European Union, the PCI DSS concentrates its protection efforts on all payment card and cardholder data across different countries. The PCI DSS regulation clearly lays out a detailed guide or plan of action to ensure businesses secure customer data. The GDPR on the other hand has only drawn out requirements and criteria for Compliance, but not offered any fixed methodology for businesses to achieve Compliance.
Let us today understand how PCI DSS can help businesses achieve GDPR Compliance.