Optiv has launched SecurePayment@Optiv to support holistic and risk-centric security across the entire payment Lifecycle.
The new solution is an integrated portfolio of services and technologies that enables organisations to move beyond basic Payment Card Industry Data Security Standard (PCI DSS) compliance.
SecurePayment@Optiv brings together expert services, network segmentation, encryption, identity and access management, threat intelligence, and incident response to deliver fully integrated payment security solutions.
It builds end-to-end payment security based on each client’s specific risk profile. “This risk-centric approach results in a holistic payment security program that is designed to reduce risk of payment fraud and data breaches, and deliver comprehensive security across the entire payment lifecycle,” according to Chad Holmes, Optiv’s chief services and operations officer.
The solution is aligned to provide solutions across four dimensions: risk profile, point of sale, cyber operations and merchant networks.
It identifies who the most likely attackers are and which assets they are most likely to target, as well as helping merchants protect a multitude of potential point-of-sale vulnerabilities across credit card readers, Square readers, online payments, digital wallets, and more.
SecurePayment@Optiv also provides cyber operations, which are critical to meeting breach disclosure windows and in minimising the likelihood of breaches. protecting against external threats is only half of the solution for payment security. Merchants also have to protect against deliberate and accidental insider threats through strong identity and access management, application security, training and awareness programs, and more.
“Payment security is the bedrock of today’s digital economy – buyers need to feel confident their payment data will not be compromised, regardless if they’re using a credit card, digital wallet, stored transaction or money transfer,” added Holmes.
“This digital ecosystem requires an evolution in how merchants think about payment security. As organizations digitally transform and enable technologies such as mobile payment, they should be striving for a secure payment lifecycle that tackles business risks, activates program agility, and meets privacy and segmentation requirements – while maintaining compliance and optimizing existing technology investments.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
