What addresses the issues involved with identify theft and credit card fraud?
  1. The Computer Fraud and Abuse Act
  2. Basel II
  3. Payment Card Industry Data Security Standard (PCI DSS)
  4. Federal Privacy Act of 1974
Explanation
Answer: C - Payment Card Industry Data Security Standard (PCI DSS) addresses the issues involved with identify theft and credit card fraud. The credit card brands joined forces and devised the PCI DSS. The PCI Security Standard Council was created as a separate entity to maintain and enforce the PCI Data Security Standard. The PCI DSS applies to any entity that processes, transmits, stores, or accepts credit card data. Varying levels of compliance and penalties exist and depend on the size of the customer and the volume of transactions.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz