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ARTICLE · 27 JANUARY 2016

PCI DSS Requirements For Incident Response Plan

Borden Ladner Gervais LLP
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Effective cyber risk management requires a comprehensive plan for rapidly responding to data security incidents.

CanadaPrivacy
Bradley Freedman
Bradley Freedman
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Effective cyber risk management requires a comprehensive plan for rapidly responding to data security incidents. The Payment Card Industry Data Security Standard ("PCI DSS") specifies basic requirements for an incident response plan, and each payment brand has additional requirements. Most organizations that accept payment card transactions, or store or process payment card data, are contractually required to comply with those requirements or face potentially significant liabilities.

PCI DSS

PCI DSS is a contractual standard, comprised of minimum technical and operational requirements, for the protection of payment card data issued by the major payment brands (e.g. Visa, MasterCard and American Express). Compliance with PCI DSS is required by the contracts governing participation in payment card systems, and applies to merchants who accept payment card transactions and other organizations that store or process payment card data. Failure to comply with PCI DSS can

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