Which framework is specifically designed for data security in the payment industry?

The framework specifically designed for data security in the payment industry is PCI-DSS. The Payment Card Industry Data Security Standard (PCI-DSS) is a crucial compliance standard that was developed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. It outlines a set of security requirements and best practices aimed at protecting cardholder data, thereby helping to prevent data breaches and fraud within the payment card ecosystem.

While the other frameworks mentioned serve important roles in broader security and compliance contexts, they are not tailored specifically for the unique challenges faced by the payment industry. For example, NIST (National Institute of Standards and Technology) provides a wide range of cybersecurity frameworks but is not limited to payment data security. Similarly, CIS (Center for Internet Security) offers guidelines that can be applied across various industries, and ISO 27001 is a generic information security management standard applicable to any organization. In contrast, PCI-DSS has specific requirements and controls that address the security needs surrounding payment card transactions, making it the clear choice for data security in the payment industry.