CompTIA CASP+ Practice Test

What is the best risk mitigation strategy when a wholesaler plans to sell online and is unsure about secure credit card processing?

1. Outsource payment processing to a third-party service provider.

2. Train IT staff in secure processing of credit cards.

3. Implement a manual payment method initially.

4. Delay the online system launch until internal systems are upgraded.

The correct answer is: Outsource payment processing to a third-party service provider.

Outsourcing payment processing to a third-party service provider is a highly effective risk mitigation strategy when dealing with secure credit card transactions. Third-party payment processors specialize in handling sensitive payment information and often have robust security measures in place, such as encryption and compliance with industry standards like PCI DSS (Payment Card Industry Data Security Standard). This not only leaves the wholesaler to focus on their core business operations but also minimizes the risk of a data breach or fraud, as they are relying on a vendor that is experienced and equipped to manage such sensitive transactions securely. Training IT staff on secure processing is important but may still leave vulnerabilities if not implemented comprehensively across the entire system. Implementing a manual payment method could introduce inconvenience for customers and doesn’t address the security concern effectively. Delaying the launch of the online system can result in lost sales opportunities and does not provide a practical solution to the immediate need for secure credit card handling. Therefore, leveraging an established third-party service allows for a quicker, professional, and secure payment processing solution that aligns with current industry practices.