What does PCI DSS stand for?

PCI DSS stands for Payment Card Industry Data Security Standard. This set of security standards is designed to ensure that companies that accept, process, store, or transmit credit card information maintain a secure environment. The primary goal of PCI DSS is to protect cardholder data and reduce the risk of credit card fraud.

The standard covers various aspects of security, including the maintenance of a secure network, encryption of transmission of cardholder data across open and public networks, implementation of strong access control measures, and regular monitoring and testing of networks. Compliance with PCI DSS is crucial for any organization involved in payment card transactions, as it helps ensure the security of sensitive information and builds trust with customers.

The other options do not correctly define PCI DSS. They either misrepresent the components of the name or introduce terms that are not part of the established standard. Therefore, recognizing the correct definition is essential for understanding the context and importance of PCI DSS in the realm of data security and compliance.