During an external compliance assessment, a midsized financial institution learns that it has been out of compliance with the Payment Card Industry Data Security Standard (PCI DSS) for several months. If the bank does not correct the issue quickly, which sanction are the card brands or acquiring bank MOST likely to impose to compel compliance?
Granting an extension of the compliance deadline with no penalties
Recurring monetary fines until compliance is achieved
Publicly listing the institution on the PCI Council website
Issuing a certificate of excellence for partial compliance
Card brands and acquiring banks commonly levy recurring monetary fines-often tens of thousands of dollars per month-against organizations that fail to meet PCI DSS requirements. The other options describe actions that are remedial, optional, or unrealistic rather than typical punitive sanctions.
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