Upcoming Deadline for PCI DSS 4.0.1 Implementation
Sep 12 2024
A critical deadline of March 31, 2025 is upcoming for the full implementation of the new requirements contained in the Payment Card Industry Data Security Standard (PCI DSS) version 4.0. This update introduces significant changes that will impact organizations handling payment card data, and review of the requirements to determine current compliance and changes need to comply with the new requirements is recommended to protect your organization from the evolving threats related to handling sensitive client data.
The update to PCI DSS compliance requirements represents a significant shift in approach to payment card security. Non-compliance can result in severe consequences, including:
Given the complexity of these new requirements and the potential risks of non-compliance, we strongly recommend seeking professional guidance to ensure your organization is fully prepared for the transition to PCI DSS 4.0.1
Womble Bond Dickinson and its advisory subsidiary Prescentus are uniquely positioned to assist you in navigating these new requirements. Our team can provide these services to assist with your PCI DSS compliance:
We encourage you to reach out to our team for a detailed consultation on how these changes may impact your organization and how we can assist in ensuring your compliance with PCI DSS 4.0.1
Howard W. Herndon is a Partner with Womble Bond Dickinson (US) LLP in the firm’s Fintech Practice. He focuses his practice on the electronic transaction industry. For over two decades, he has represented public and private payments companies in significant industry transactions ranging from US $100 million to over US $1 billion. He is also a Managing Director and Founder of Prescentus, a subsidiary of Womble Bond Dickinson (US) LLP that offers full-service strategic business guidance for Fintech companies.
John Romer is a veteran fintech professional with a broad knowledge of payment processing across many industry segments. He brings extensive experience advising retailers, restaurants and other merchants, as well as card networks, acquirers/processors, and related payment vendors.