PCI DSS 4.0 Updates

PCI DSS 4.0 is the latest version of the Payment Card Industry Data Security Standard. The latest upgraded standards are expected to be released anywhere between the end of 2020-mid 2021. Similar to all the previous versions of PCI-DSS, the latest upcoming version 4.0 will be a comprehensive set of additional new guidelines for securing systems involved in the processing, storage, and transmission of credit card data.

The latest version is an updated set of mature standards that focuses on an “outcome-based” approach rather than a “must-implement” based approach. So, while organizations will still have to meet PCI DSS standards, however, they will have the freedom to select their approach towards meeting those standards. Organizations will no longer be expected to meet PCI standards word by word. As long as they can meet the standards adopting a robust approach organizations are good to go.