How can it be Fines if it is an internal assesment? The correct answer is B.

Audit findings Internally excite me

Answer A: 'Sanctions and Reputation' damage happen after an external audit. 'Audit Findings' are what is found during an internal or external audit. 'Fines' are the penalty for not doing things correctly in an internal audit, whereas 'Sanctions' are what is imposed during an external audit.

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

answer is B Reason: the compliance assessment is INTERNAL. it isn't released to the public and is done within the organization. they would audit the findings.

What are the consequences of not being PCI DSS compliant? The fines imposed by the Card Brands and Acquiring Banks on merchants for non-compliance can range from $5,000 to $100,000 per month. These fines, along with credit monitoring fees, can impose substantial financial strain on businesses, underscoring the necessity of abiding by the PCI DSS requirements.

A company won't fine itself for the outcome of an internal audit. The answer is B.

Failing an internal PCI DSS compliance assessment typically results in audit findings, which are documented issues that need to be addressed to achieve compliance. These findings highlight areas where the bank's security practices do not meet the required standards and must be remediated. While fines, sanctions, and reputation damage are potential consequences of non-compliance, they are more likely to occur if the bank fails to address the audit findings and remains non-compliant, especially after an external audit or if a data breach occurs due to non-compliance. The immediate outcome of failing an internal assessment is the identification of compliance gaps through audit findings.

If a large bank fails an internal PCI DSS (Payment Card Industry Data Security Standard) compliance assessment, the most likely outcome would be fines. PCI DSS compliance is crucial for banks and financial institutions that handle payment card information. Failing to comply with PCI DSS requirements can result in substantial fines imposed by payment card brands such as Visa, MasterCard, and others. These fines are meant to enforce adherence to security standards and protect consumers' payment card data from breaches and unauthorized access.

The question specified that the PCI DSS assessment is done internally, not by a third-party assessor. This will not affect the organization's reputation or result in fines or penalties for non-compliance. However, internal assessments are crucial for uncovering deficiencies and identifying areas for improvement to ensure compliance with industry standards.

internal review not public yet so should care no fines or sanctions,

Among the options provided, the most likely outcome if a large bank fails an internal PCI DSS compliance assessment is D. Reputation damage. While fines, audit findings, and sanctions are possible consequences, reputation damage can have significant long-term implications for the bank's business and its relationships with customers, stakeholders, and partners.

for me is C; Sanctions: Regulatory bodies or industry authorities may impose sanctions on the bank. These sanctions can include restrictions, warnings, or additional compliance requirements. In severe cases, a bank might face limitations on its ability to process credit card transactions or even lose its authorization to handle cardholder data.