WHAT IS PAYMENT SECURITY COMPLIANCE?
Payment security compliance refers to the standards and practices that ensure secure payment transactions, protecting sensitive payment information like credit card numbers, cardholder information, and other transaction details. A key component in this domain is the Payment Card Industry Data Security Standard (PCI DSS).
Non-compliance can result in hefty fines, reputational damage, and the potential for loss of the ability to process credit card transactions.
WHAT IS COVERED IN THE COURSE?
This course outlines the Payment Security Compliance and GRC strategy which will provide you with the skills and tools to build a secure payments environment and help organizations achieve payment security compliance.
Course highlights include:
- Protection of Cardholder Data: Businesses are required to protect sensitive cardholder data both in storage and during transmission. This can involve encryption, tokenization, and other security measures.
- Maintain a Secure Network: This includes installing and maintaining a firewall to protect cardholder data and not using vendor-supplied defaults for system passwords and other security parameters.
- Regularly Monitor and Test Networks: Businesses should regularly test their security systems and processes. This includes monitoring all access to network resources and cardholder data.
- Implement Strong Access Control Measures: Only those who need access to cardholder data should have it. This means businesses should restrict access by business need-to-know, assign a unique ID to each person with computer access, and restrict physical access to cardholder data.
- Maintain an Information Security Policy: Every organization that processes, stores, or transmits cardholder data should have a policy that addresses information security.
- Vulnerability Management Program: Regularly update and patch systems to protect against known vulnerabilities. This also includes using anti-virus software and keeping it updated.
- Regular Compliance Assessments: Depending on the volume of transactions a company processes, they may be required to undergo regular payment security assessments. This could be an annual on-site assessment or a self-assessment questionnaire. Additionally, they might need to conduct quarterly network scans.
WHAT IS IN IT FOR YOU?
Growing Demand: With the rise of digital transactions, there's an increasing need for professionals who understand payment security and compliance. This creates numerous career opportunities.
Protecting Business Assets: If you're a business owner or work for a business that handles payment data, understanding payment security can help protect your organization from breaches, which can be costly in terms of financial penalties and reputation damage.
Gaining a Competitive Edge: If you're a professional in the IT, cybersecurity, or financial sectors, having this training can set you apart from others in your field, making you a more appealing hire or candidate for promotions.
WHY THE PAYMENT SECURITY COMPLIANCE AND GRC TRAINING?
Protecting Business Assets: If you're a business owner or work for a business that handles payment data, understanding payment security can help protect your organization from breaches, which can be costly in terms of financial penalties and reputation damage.
Building Trust: For businesses, showing compliance with payment security standards builds trust with customers and stakeholders, as it demonstrates a commitment to protecting their sensitive data.
Avoiding Penalties: Non-compliance can lead to heavy fines and sanctions. Being well-versed in payment security compliance ensures that you or your organization stays ahead of regulatory requirements.
Enhancing Crisis Management: In the unfortunate event of a security breach, having knowledge in payment security compliance can guide you in managing the situation, minimizing damage, and taking corrective actions promptly.
INCOME SHARING AGREEMENT (ISA)
Learn now, pay when you're hired.
We're thrilled to introduce our partnership with MIA Share, offering an innovative Income Sharing Agreement (ISA) to our students.
An ISA is a contractual agreement in which you receive funding for your education. In exchange, you agree to share a fixed percentage of your post–graduation pre-tax income over a defined period of time. You will pay 10% of your post-graduation pre-tax income for 16 months.
FINANCIAL ASSISTANCE
New Financing Option Available to Students at Eretmis Academy
Students enrolled in Eretmis Academy who needs tuition or financial assistance will now have access to an innovative new financing option to pay for their courses, thanks to our partnership with the Meritize platform.
The new financing option will help students finance their careers in cybersecurity. The demand for cybersecurity professionals is at an all-time high. There are over 597,767 unfilled cybersecurity job openings in the United States(cyberseek.org). Employment of information security analysts is projected to grow 33 percent from 2020 to 2030, much faster than the average for all occupations (U.S. Bureau of Labor Statistics).
Unlike traditional lenders that rely solely on FICO scores, and other financial records to determine whether to lend to an individual. the Meritize platform considers the full depth of an individual’s academic or military achievements to enhance credit evaluation and potentially improve loan options.
Because the new financing option considers previous academic or military experiences, merit-based financing may provide a significant source of financial and credit assistance for students who are self-financing their cybersecurity training.
Disclaimer: This payment security training provided by Eretmis Academy is not in any way reviewed, approved, certified, endorsed, authorized, or sponsored by the PCI Security Standards Council (PCI SSC), and completion of the training in no way qualifies or certifies trainees for PCI SSC program purposes or for purposes of any payment industry compliance program.
