Аннотация. Today, more than ever, consumers need fast and secure payment options. At the same time, businesses must protect customer data. But ever-changing demand and payment technology have increased the operational and technical complexity of business. According to the IT Examination Handbook published by the Federal Financial Institutions Examination Board, financial institutions must use encryption in storage and transit to reduce the risk of exposure or alteration of sensitive information. Scientific and Practical Cyber Security Journal (SPCSJ) 6(5): 31-37 ISSN Point-to-point encryption (P2PE) protects cardholder data, makes it easier for organizations to secure payment data, and helps them meet PCI SSC (Payment Card Industry Security Standards Council) compliance requirements and the latest security standards, reducing the risk of fraud. The use of P2PE standards is the responsibility of the individual companies that offer products and services using those standards, not the PCI SSC Governing Board itself. Thanks to the requirements of payment systems, PCI SSC standards are implemented in many organizations, but they are not considered mandatory at the state level. After analyzing a number of factors, we can say that in order to minimize the risk of fraud, we need to make the accepted standards mandatory for all organizations. The article also provides recommendations for consumers to avoid fraudulent schemes.