Scenario: An organization has made a decision to address Information Security formally and consistently by...

The most likely reason for credit card fraud in this scenario is a lack of compliance with PCI DSS (Payment Card Industry Data Security Standard). PCI DSS is specifically designed to secure payment card data and prevent fraud.

Role of PCI DSS:

Establishes security controls for handling, processing, and storing payment card information.

Non-compliance can lead to vulnerabilities that fraudsters exploit.

Potential Causes of Fraud:

Weak encryption or storage practices.

Failure to implement mandatory security controls, such as network segmentation and monitoring.

Other Options:

Security Awareness Program: Critical for user behavior but secondary in this context.

ISO 27000 Frameworks: Useful for overall security management but not specific to payment card security.

Technical Controls: Covered within PCI DSS requirements.

Industry Standards Compliance: Emphasizes adherence to PCI DSS for organizations dealing with payment card data.

Fraud Prevention Best Practices: Highlights PCI DSS as essential to mitigating fraud risks.

EC-Council CISO References:

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