What are the best practices for handling and storing sensitive information, such as credit card details?
Implementing proper security measures is crucial when handling and storing sensitive information like credit card details. Some of the best practices include encryption, tokenization, and secure storage. Encryption transforms the sensitive data into an unreadable format by using cryptographic algorithms. Tokenization replaces sensitive information with unique tokens that have no meaning outside the system. Secure storage involves storing data in protected environments, such as encrypted databases and secure servers. Regularly testing and updating security systems, restricting access privileges, and complying with industry standards, such as the Payment Card Industry Data Security Standard (PCI DSS), are also essential.