PCI 4.0 Compliance and Credit Card Frauds
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
With payment card fraud and data breaches on the rise, organizations must understand both their compliance obligations under PCI DSS 4.0 and the methods criminals use to exploit vulnerabilities. This course provides a comprehensive, practitioner focused overview of the updated PCI 4.0 requirements, emphasizing real world application, risk reduction, and internal control enhancements.
Participants will also explore today’s most prevalent credit, debit, and gift card fraud schemes—including account takeover tactics, card not present fraud, synthetic identities, and ATM cash out schemes—along with strategies to strengthen fraud prevention frameworks. Through real examples and actionable guidance, this course prepares organizations to safeguard sensitive data, meet PCI obligations, and reduce exposure in an evolving threat landscape.
Publication Date: March 2026
Designed For
This course is ideal for professionals responsible for safeguarding payment information, managing compliance, or preventing fraud.
Topics Covered
- Overview of PCI DSS 4.0 requirements and major changes from PCI v3.2
- Credit card fraud schemes: card‑not‑present fraud, skimming, synthetic identities
- Data breach tactics and how attackers obtain payment card information
- Fraud schemes involving check deposits and ATM cash‑out activity
- Preventing credit card fraud: controls, training, monitoring, and authentication
- Compliance obligations for merchants, processors, and service providers
- Best practices for safeguarding payment card data and reducing liability
Learning Objectives
- Identify key updates and compliance expectations under PCI DSS 4.0
- Recognize major credit card, debit card, and gift card fraud schemes affecting organizations and consumers
- Determine which cards display security codes (CID, CVV, etc.) on the front vs. back
- Identify the type of fraud involving check deposits followed by rapid ATM withdrawals
- Explain the categories of sensitive data most sought after by cybercriminals and fraud networks
- Apply fraud prevention strategies to strengthen internal controls and reduce payment‑card risk
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
Basic understanding of accounting.
Advance Preparation
None
