[Ex. 4] Fill in the blanks with the words given below. business; meet; resource; stage; responsible; security; data; network; retailers; requirements; How to Handle Customer Financial Data PCI compliance is a term familiar to many people researching e-commerce regulations. As an e-commerce site owner, one of the standards you will need to know about is the PCI DSS standard, which is short for Payment Card Industry (PCI) Data Security Standard (DSS). All organizations, including online 1 , must follow this standard when storing, processing and transmitting credit card data. The PCI Security Standards Council is the organization —— founded by a number of financial institutions including JCB International, MasterCard and Visa —— that is 2 for the development and implement of 3 standards for account data protection. Through its PCI Security Standards, the organization seeks to enhance payment account 4 security. There are a number of security initiatives in this standard, such as using a firewall between a wireless 5 and the cardholder data environment, making use the latest security and authentication, and using a network intrusion detection system. The PCI DSS standard, as of September 2009 (DSS v 1.2), includes the following 12 6 for best security practices: To achieve PCI compliance, an online retailer must 7 all PCI DSS requirements. The PCI DSS standard is broken down into six milestones with a number of requirements to be fulfilled at each 8 . The PCI Security Standards Council website offers this PDF, which is designed to help merchants to better understand the requirements. It is probably the best 9 online to begin to understand what compliance entails. There ’ s no question that meeting PCI compliance is a challenge for small business e-commerce site owners —— and being certified as PCI-compliant is a time-consuming process. One way that a small 10 can meet standards is to outsource PCI to a third party that has the experience and payment system to ensure your business meets PCI regulations.