This entry-level course outlines the challenges surrounding payment card security and explains what the PCI Standards do to mitigate these issues – and will provide you with the tools to build a secure payments environment. Areas covered by the course include.
About this course
Payment Card Industry (PCI) Awareness training is for anyone interested in learning more about PCI – especially people working for organizations that must comply with PCI Data Security Standard (PCI DSS). By promoting employee awareness of security, organizations can improve their security posture and reduce risk to cardholder data.
What will you learn by taking this course?
You will learn how to secure your customer data and also below point
✅ Have tools and insight to build a secure payments environment ✅ Support your organization’s compliance efforts through your knowledge of how to apply PCI Standards
Why should you take this course?
This course Design for financial institute,Bank Technical Support Engineer & Technical Engineer and Manager. PCI DSS stands for Payment Card Industry Data Security Standard, which sets the requirements for organizations and sellers to safely and securely accept, store, process, and transmit cardholder data during credit card transaction to prevent fraud and data breaches.
Chapter 1: Introduction
✔️ PCI Data Security Standard (PCI DSS)
✔️ What is the role of the PCI Security Standards Council?
✔️ Are there any benefits to PCI DSS compliance?
✔️ What is the Payment Card Industry Data Security Standard
✔️ Where can I find the list of PCI DSS requirements?
Chapter 2: Importance of PCI DSS compliance
✔️ What kinds of organizations may be impacted?
✔️ Why is PCI DSS compliance important?
✔️ What happens to a small business when they don't know?
✔️ Who enforces the PCI DSS requirements?
✔️ Do the PCI DSS requirements apply?
Chapter 3: Validation Requirements of PCI DSS compliance
✔️ How often is PCI DSS validation required
✔️ What kind of vulnerability scanning is required
✔️ What is PCI PFI.
✔️ What are the PCI DSS compliance validation requirements
✔️ If organization is certified as PCI compliant, does it mean secure.
What does PCI DSS compliance mean?
PCI DSS stands for Payment Card Industry Data Security Standard which sets the requirements for organizations and sellers to safely and securely accept, store, process and transmit cardholder data during credit card transaction to prevent fraud and data breaches.
Who needs PCI DSS compliance certification?
Although there is technically no such thing as “PCI certification” sellers of all sizes, service providers, banks and any other organizations that process credit card payments need to prove they are PCI compliant.
What are the PCI DSS compliance levels?
There are four levels of PCI compliance; each level has unique requirements for a business to validate its compliance. The level under which your business falls is based on your total transaction volume, annually.
What does it cost to be PCI DSS compliant?
The fees to become PCI compliant, and maintain that standing annually, can range from approximately $1,000 annually to over $50,000 annually, depending on the size of your business.
Am I responsible for a PCI DSS Compliance Self-Assessment Questionnaire (SAQ)?
The PCI DSS Self-Assessment Questionnaire is a checklist ranging from 19 to 87 pages, created and distributed by the PCI Security Standards Council. It’s used as a mechanism for sellers to self-validate their PCI DSS compliance. Square does not require sellers to complete an SAQ, or to self validate, since Square’s hardware and software complies with the Payment Card Industry Data Security Standard (PCI DSS).
Is there a PCI noncompliance fee?
Yes, there are typically fees associated with PCI noncompliance. If your business does not comply with PCI standards, you could be at risk for data breaches, fines, card replacement costs, costly forensic audits and investigations into your business, brand damage and more.
- Key Features:
- Created by a Security expert :
- Access period : 12 months
- Course duration : 40+ hours
- Quizzes & revision exams :
- Certificate of completion :
- Support : 24/7 hours
What is PCI?
The PCI (Payment Card Industry) is a sector within the financial industry that is responsible for all electronic payments. As purchases are completed through debit, credit, ATM, POS, prepaid and e-purse systems, sensitive financial data is constantly being transmitted to all parts of the world. As such, strict security measures must be in place in order to protect all users engaging in non-cash exchanges of payment.
To create these standards, the major financial corporations developed the PCI-SSC (Payment Card Industry Security Standards Council) which stands as an independent entity from the top financial brands. The council protects cardholders by setting strict security standards for merchants and for vendors of payment-processing solutions.
What is PCI DSS?
Credit and debit cards fuel global commerce. Unfortunately, they are also a lucrative targets for fraudsters. To protect cardholder data, merchants and vendors must adhere to the Payment Card Industry Data Security Standard (PCI DSS), which establishes a baseline level of security for organizations that store, process, or transmit payment card data.
The PCI Data Security Standard has grown significantly in stature and coverage since its early beginnings. PCI DSS requirements are robust and comprehensive. Organizations that invest the time and effort to comply with them will be considerably more secure and protected from cybersecurity threats.
Who Must Comply with PCI DSS?
The term “standard” in the PCI Data Security Standard could lead people to believe that implementing PCI compliance requirements is a “good to have” rather than a “must have or else.” In reality, PCI DSS is as good as a regulation.
Think about it – the credit card companies that issue credit/debit cards to regular folks (your customers) are the ones that will authorize you to process those payment cards. If you haven’t implemented the PCI DSS compliance requirements, the credit card companies wouldn’t let you process their payment cards. What’s more, you could be fined. So, unless you’re planning to run a “cash only” business, the PCI Data Security Standard is not optional.
CRITICAL TRAINING FOR HANDLING CRITICAL DATA
If your organization accepts any type payment cards local area or international supported, it is vital for every employee that handles cardholder data to maintain compliance with the new PCI DSS v3.2. Aspire’s online training's engaging, interactive PCI DSS and PCI compliance training courses help cardholder data handlers and supervisors ensure compliance with PCI standards, pass audits, and avoid data breaches. While many large and small government and private organizations are required to be PCI DSS-compliant, even those that aren't can benefit from our high-quality online educational courses.
PCI DSS Awareness Module
PCI DSS awareness module helps your staff better manage credit card data. Understand PCI DSS requirements, securely manage records and accounts, and recognize and act upon security breaches. Your personal information are being protected physically as well as electronically. So there is no chance to leak any information to the fraud. The PCI DSS follows specific rules for different businesses depending on size, type, methods of storing card data, etc. That’s why it’s more secure and safe. Getting compliant with the PCI DSS will help reduce cost by helping to prevent data breaches in the first place, but to also help prevent fines.
Common Cases Of Data leaks
A data leak is bad news for any organization. It’s typically a precursor to a large-scale data breach that will escalate quickly. If the leaked data is related to credit-card data, your organization will have a very serious data security and compliance headache to address.
There are several ways that a data leak could occur. Let’s take a look at some of these :
Human error is a common cause of data leaks and, eventually, security incidents. Unfortunately, many organizations focus on technical issues that cause breaches and are behind in efforts to address human factors by offering Security Awareness Training.
An employee or contractor with authorized and privileged access to internal organizational resources is one of the other big reasons for a data leak. The leak itself could be accidental, caused by negligence, or even malicious.
Many people mistakenly think that malware causes damage in one, swift shot and then disappears. In reality, some of the most devastating pieces of malware have the ability to lay low and steal data surreptitiously for years before being discovered.
Software and systems that are left unpatched for a long time are a common cause of data breaches. Over time, infrastructures end up riddled with an array of known vulnerabilities that eventually become the source of a data leak.
How to Detect Data Leaks
Data Breach Assessments
Many sophisticated attacks are programmed so that they go unnoticed for as long as possible. That’s why it’s important to conduct data leak/breach assessments at least once every quarter for large organizations and once every six months for smaller organizations.
Internal audits and testing, of course, can detect data leaks. Also, monitor the dark web for traces of your organization’s information. Finding your organization’s information there is a very big red flag.
Data Leak Prevention (DLP)
DLP software acts as a barrier between outsiders and sensitive information within the organization. It is also capable of detecting insider threats. It uses several rules to identify confidential data and activities that could lead to accidental disclosures. An investment in a good DLP should be considered as a “must have” in today’s cybersecurity threat landscape.
Conduct a deep-dive analysis of the processes and services that are running on all critical systems and devices. Also, conduct a comprehensive analysis of network traffic. Warning: The investigation can be a black hole that sucks up time and resources if done in-house. Consider hiring an expert to perform the assessment to save time and money.
How to Prevent Data Leaks
Train your people to recognize and avoid hacker lures. All the technical defenses in the world won’t help is just one employee responds to a phishing email or visits a malicious site.
Invest in a robust Data Leak Prevention solution. When deploying your DLP, be sure you understand what data is important for your organization and set up rules in your DLP to protect it.
Encryption is vital to payment card data security in general. Ensure that you use robust encryption on all machines, devices, and mobile devices.
By complying with data protection regulations, organizations establish foundational security and minimize the risk of regulatory penalties. Stay compliant by developing a data security and compliance plan and policies and procedures to support data privacy and security. Build upon that plan as new threats emerge.
Monitor & Track
Don’t let a false sense of security creep into your organization just because you deploy sophisticated cybersecurity software and technologies. Manual monitoring, tracking, and human instinct are still very important pieces of the cyber-defense puzzle. By the same token, never assume that outsourcing information security functions means your data is safe. Your organization is still accountable for compliance.
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Why Aspire Tech
Aspire's award-winning online course and programs are designed and taught by distinguished Cyber Security expert.
The perfect fit for business
Plans for small to large organizations, with flexibility to fit inside your budget. Volume discounting available.
Cost effective training
Train thousands of staff members across multiple locations for a function of the cost of traditional classroom training.