Payment Card Industry Data Security Standards (PCI
DSS) with all Correct & 100% Verified Answers
Payment Card Industry Data Security Standards (PCI DSS) is ✔Correct Answer-(PCI DSS) is a set of
requirements or security controls intended to ensure that all companies that process, store, or
transmit credit card information maintain a secure environment. In other words, have the
appropriate PCI DSS controls implemented.
T or F:
Purpose: PCI DSS ensures customers' debit or credit card information is secured.
It sets technical and operational requirements for the processing and acceptance of payments and
transactions. ✔Correct Answer-true
Origins of PCI DSS: ✔Correct Answer-In 2006, Visa, Mastercard, JCB International, Discover, and
American Express co-founded the Payment Card Industry (PCI) Security Standards Council to help
businesses and financial institutions protect themselves and others from breaches, theft of
cardholder data, and fraud.
These 5 credit card organizations together formed the Payment Card Industry Security Standards
Council, which is the governing body for PCI DSS.
T or F:
Current Version: PCI DS v 4.0 This is the newest version (came out in 2022)
Previous Version: PCI DS v 3.2.1 Most are still using this version (they will upgrade to 4.0 soon)
✔Correct Answer-true
Who has to comply with PCI-DSS: ✔Correct Answer-Merchants and service providers of all sizes
are responsible for maintaining compliance with PCI DSS.
Example: Online Retailers, Banks, and any other entity that processed credit card transactions.
T or F:
The PCI Council defines 4 Levels of compliance organization need to follow. The levels of PCI
compliance for merchants are as follows:
Level 1: Process over 6 million transactions a year across all channels
Level 2: Between 1 and 6 million transactions annually across all channels
Level 3: Between 20,000 and 1 million online transactions annually
Level 4: Fewer than 20,000 online transactions a year, or any merchant processing up to 1 million
regular transactions per year ✔Correct Answer-true
Qualified security assessor (QSA): ✔Correct Answer-is an individual who is authorized to validate
the adherence of an organization to the requirements of the Payment Card Industry Data Security
Standard (PCI DSS)
Internal security assessor (ISA): ✔Correct Answer-eligible internal security audit professionals
working for a qualifying organization. An ISA is also able to perform self-assessments for their
organization as long as they are not a Level 1 merchant.
DSS) with all Correct & 100% Verified Answers
Payment Card Industry Data Security Standards (PCI DSS) is ✔Correct Answer-(PCI DSS) is a set of
requirements or security controls intended to ensure that all companies that process, store, or
transmit credit card information maintain a secure environment. In other words, have the
appropriate PCI DSS controls implemented.
T or F:
Purpose: PCI DSS ensures customers' debit or credit card information is secured.
It sets technical and operational requirements for the processing and acceptance of payments and
transactions. ✔Correct Answer-true
Origins of PCI DSS: ✔Correct Answer-In 2006, Visa, Mastercard, JCB International, Discover, and
American Express co-founded the Payment Card Industry (PCI) Security Standards Council to help
businesses and financial institutions protect themselves and others from breaches, theft of
cardholder data, and fraud.
These 5 credit card organizations together formed the Payment Card Industry Security Standards
Council, which is the governing body for PCI DSS.
T or F:
Current Version: PCI DS v 4.0 This is the newest version (came out in 2022)
Previous Version: PCI DS v 3.2.1 Most are still using this version (they will upgrade to 4.0 soon)
✔Correct Answer-true
Who has to comply with PCI-DSS: ✔Correct Answer-Merchants and service providers of all sizes
are responsible for maintaining compliance with PCI DSS.
Example: Online Retailers, Banks, and any other entity that processed credit card transactions.
T or F:
The PCI Council defines 4 Levels of compliance organization need to follow. The levels of PCI
compliance for merchants are as follows:
Level 1: Process over 6 million transactions a year across all channels
Level 2: Between 1 and 6 million transactions annually across all channels
Level 3: Between 20,000 and 1 million online transactions annually
Level 4: Fewer than 20,000 online transactions a year, or any merchant processing up to 1 million
regular transactions per year ✔Correct Answer-true
Qualified security assessor (QSA): ✔Correct Answer-is an individual who is authorized to validate
the adherence of an organization to the requirements of the Payment Card Industry Data Security
Standard (PCI DSS)
Internal security assessor (ISA): ✔Correct Answer-eligible internal security audit professionals
working for a qualifying organization. An ISA is also able to perform self-assessments for their
organization as long as they are not a Level 1 merchant.
