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The Payment Card Industry is a private industry group set up by the major credit card companies to define standards for companies that process credit card transactions. The Data Security Standard was defined to prevent credit card fraud, hacking and other security issues. A company processing, storing, or transmitting credit card numbers must be PCI DSS compliant or they risk losing the ability to process credit card payments. The PCI DSS includes requirements covering network security, data protection, vulnerability management, access control, monitoring and testing, and information security.
According to the PCI data security standard, an organization must be able to monitor, report, and alert on attempted or successful access to systems and data security for those applications that contain sensitive cardholder data, and explicitly calls for the collection and monitoring of event logs.
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