Exam SY0-701 topic 1 question 45 discussion

B. Audit findings While fines, sanctions, and reputation damage can be potential consequences of failing to meet PCI DSS compliance, the most immediate and likely outcome of failing an internal PCI DSS compliance assessment is the generation of audit findings. These findings will detail the areas of non-compliance and typically result in the organization needing to take corrective actions to address the identified issues. If the findings are not addressed, this could lead to further consequences such as fines, sanctions, or reputation damage. Therefore, the correct answer is: B. Audit findings

The answer is audit findings. The question references an "internal" compliance assessment. An internal compliance assessment is a tool used to identify and address any gaps that must be closed before the actual PCI assessment.

internal assessment, not external. can allow time to fix before a governmental audit

I at first thought A: fines, as the assessment is an audit and the findings are what cause it to fail, but after you submit your configurations, UARs, etc. for the audit. If you fail they will tell you why you failed and what you need to fix it to be complaint. Failing multiple times or having a breach due to being non-compliant can result in the fines as they are not the first outcome of an audit.

f a large bank fails an internal PCI DSS compliance assessment, the most likely outcome is that the bank will face fines from the payment card brands. Audit findings, while important, are typically the result of an external assessment and not the direct consequence of an internal assessment. The bank must address these findings to avoid further penalties.

Audit findings. Audit findings are the results of an external PCI DSS compliance assessment that is performed by a QSA or an approved scanning vendor (ASV). An external assessment is required for certain entities that handle a large volume of cardholder data or have a history of non-compliance. An external assessment may also be triggered by a security incident or a request from the payment card brands. Audit findings may reveal the gaps and weaknesses in the bank’s security controls and recommend corrective actions to achieve compliance. However, audit findings are not the outcome of an internal assessment, which is performed by the bank itself. References: 1. CompTIA Security+ Study Guide (SY0-701), Chapter 8: Governance, Risk, and Compliance, page 388. 2. Professor Messer’s CompTIA SY0-701 Security+ Training Course, Section 8.2: Compliance and Controls, video: PCI DSS (5:12). 3. PCI Security Standards Council, PCI DSS Quick Reference Guide, page 4. 4. PCI Security Standards Council, PCI DSS FAQs, questions 8-30

If a large bank fails an internal PCI DSS compliance assessment, the most likely outcome is that the bank will face fines from the payment card brands. An internal PCI DSS compliance assessment is a self-assessment that the bank performs to evaluate its own compliance with the PCI DSS requirements. The bank must submit the results of the internal assessment to the payment card brands or their designated agents, such as acquirers or qualified security assessors (QSAs). If the internal assessment reveals that the bank is not compliant with the PCI DSS requirements, the payment card brands may impose fines on the bank as a penalty for violating the PCI DSS contract. The amount and frequency of the fines may vary depending on the severity and duration of the non-compliance, the number and type of cardholder data compromised, and the level of cooperation and remediation from the bank. The fines can range from thousands to millions of dollars per month, and can increase over time if the non-compliance is not resolved.

PCI DSS is the Payment Card Industry Data Security Standard, which is a set of security requirements for organizations that store, process, or transmit cardholder data. PCI DSS aims to protect the confidentiality, integrity, and availability of cardholder data and prevent fraud, identity theft, and data breaches. PCI DSS is enforced by the payment card brands, such as Visa, Mastercard, American Express, Discover, and JCB, and applies to all entities involved in the payment card ecosystem, such as merchants, acquirers, issuers, processors, service providers, and payment applications.

copilot said D ..:) i dont know look ok to me ..

Audit findings indicate specific areas of non-compliance or gaps in security controls that need to be addressed to meet PCI DSS requirements other options are for external assessment

Sanction will

It's actually A (Fines) because the internal PCI DSS assessment results must be sent to the bank's payment card brands or their agents. The payment card brands will then issue a fine because again, even though it's an internal assessment, it must be submitted to the other party - hence resulting in being fined.

The key word is internal ruling out every answer other than B

the answer is B audit finding, the question says "internal PCI DSS compliance assessment"

When a financial institution, such as a large bank, fails to meet PCI DSS requirements, the most immediate consequence is typically a fine.

The right answer is A (Fines) and NOT B (Audit Findings) Explanation If you look at the question closely, It says "outcome" which is also "consequence" in other words. Yes, Audit Findings would be a likely REASON for failing an internal PCI-DSS compliance assessment, but would NOT be the OUTCOME. The Payment Card Industry Security Standards Council (PCI SSC) and the payment card brands (e.g., Visa, MasterCard) can impose fines on organizations that fail to meet PCI DSS compliance standards. These fines can be significant, especially for large organizations like banks, which are expected to comply fully with these standards to ensure the protection of customer data. These fines are generally imposed by payment card brands or acquiring banks when an entity is found non-compliant, especially after a formal audit or a data breach.

C