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 TRAINING?
Course highlights include:
- Introduction to Payment Security:
- Definition and importance of payment security.
- The role of payment security in protecting businesses and customers.
- Risks and Threats:
- Common security threats in payment environments.
- Real-life examples of payment data breaches and their consequences.
- Key Payment Security Technologies:
- Introduction to EMV, tokenization, and P2PE.
- Benefits and best practices for using each technology.
- Data Protection:
- Best practices for storing, processing, and transmitting cardholder data.
- Importance of encryption and secure data handling.
- Access Control and Authentication:
- Implementing strong access controls in payment environments.
- Use of multi-factor authentication for secure access.
- Vulnerability Management:
- Importance of regular vulnerability assessments and penetration testing.
- Patch management and keeping systems updated.
- Incident Response:
- Developing an incident response plan.
- Steps to take when a security incident or breach occurs.
- Physical Security Measures:
- Safeguarding payment devices and point-of-sale terminals.
- Secure disposal of old devices and data.
- Maintaining Compliance:
- Regularly monitoring and testing security controls.
- Importance of annual audits and assessments.
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Employee Roles and Responsibilities:
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.
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.
Income Sharing Agreement (ISA)
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.
