It would take almost ten years for the world to recognise that, as the internet was evolving in the late 1990s, so was online payment fraud. Consequentially, credit card industry leaders developed a set of payment security standards. In December 2004, American Express, Discover Financial Services, JCB International, Mastercard, and Visa teamed up to introduce PCI DSS 1.0 . Fast forward to today, and card fraudsters and network hackers have to contend with advanced PCI DSS version 4.0 . Don't allow your business to become complacent, though. Even industry-leading POS systems are still at risk of a card data security breach, so it's best to use precaution and become PCI compliant. In late 2020, Forbes reported on two payment terminal manufacturing giants who unintentionally made hacking customer credit card data easier . These days an independent body—created by the founding members of PCI DSS, (namely, the PCI Security Standards Council (PCI SSC) )—manage ...