New Industry Organisation Aims to Raise Awareness of Payment Card Compliance Standards & Address Card Processor Compliance Needs
New York, 30 January 2007 - Eight leading data security companies today announced the formation of The Payment Card Industry Security Vendor Alliance (PCI SVA).
PCI SVA (http://www.pcialliance.org) will assist members of the payment card industry and the PCI Security Standards Council -- composed of merchants, banks and point-of-sale vendors -- in educating the business community on the requirements and business value of the Payment Card Industry (PCI) Data Security Standard (DSS), a global benchmark intended to improve security throughout the entire payment card transaction process.
Founding members of PCI SVA -- ConfigureSoft, Inc., Cyber-Ark, Inc., Modulo Security, Proginet, Inc., Protegrity USA, Inc., Reflex Security, SafeNet, Inc. and Verisign -- will also support the business community by providing flexible PCI DSS solutions to address the needs of system integrators and business users.
“Even with all the press on data security breaches and the corporate and personal costs that accrue from them, there is still only limited awareness of the PCI data security standards,” said Jon Oltsik, senior analyst, Enterprise Strategy Group. “These standards impose compliance rules that enterprises handling credit or debit card data must resolve from business and technology perspectives. The PCI SVA is a valuable component in addressing this issue holistically.”
To demonstrate the business value of PCI DSS solutions, and their value in meeting other regulatory privacy and data security directives, the PCI SVA also plans to create a series of case studies, seminars, return-on-investment analyses, and white papers showing how organizations may achieve compliance with the PCI DSS requirements efficiently and on-budget.
Because PCI DSS requirements are so detailed and market-stringent, the Alliance advocates compliance to PCI DSS in meeting the numerous state, national, and regional, laws governing other business activities concerning systems security and privacy.
PCI SVA members, all with strong experience in delivering PCI compliance solutions to thousands of customers, will leverage this knowledge to support and complement the objectives of Visa, MasterCard, American Express, Discover and JCB in securing the sensitive data processed by their merchant partners.
To learn more about the PCI SVA, and to apply for membership, visit the Security Vendor Alliance website http://www.pcialliance.org or individual member sites.
PCISVA PR: Steven Blinn, BlinnPR, +1 212 675-4777, firstname.lastname@example.org
UK PR for Protegrity: Jane Lee, Dexterity, 01273 470199, jane.lee at dexterity.co.uk
Configuresoft is an innovator in systems management technology, delivering the enterprise Configuration Intelligence™ to effectively and efficiently manage today’s heterogeneous computing infrastructures. Spanning both security and operations, the Company’s configuration management, compliance and remediation products are used by 12 of the world’s 25 largest companies to keep their critical systems properly configured, while ensuring compliance with regulatory requirements such as Sarbanes-Oxley, FISMA, GLBA, Basel II, HIPAA and DISA, and industry standards such as ISO 27001, PCI DSS and Microsoft Security Hardening Guides. To contact Configuresoft, please call (888) U-CONFIG or visit www.configuresoft.com.
About Cyber-Ark, Inc.
Cyber-Ark Software is an Information Security company that develops and markets digital vaults for securing and managing privileged passwords and highly-sensitive information. Based on it's patented Vaulting Technology(tm), Cyber-Ark's digital vault products include: The Inter-Business Vault, a secure infrastructure for cross-enterprise data exchange of highly-sensitive information; the Sensitive Document Vault, for secure storage and management of highly-sensitive documents, and the Enterprise Password Vault, for the secure management of administrative, emergency and privileged user passwords. Cyber-Ark's Vaulting platform has been tested by ICSA Labs, an independent division of Cybertrust. ICSA is the security industry's central authority for research, intelligence, and certification testing of security products. www.cyber-ark.com
About Modulo Security
Modulo Security, the first ISO 27001 certified company in the world, is the leader in Risk Assessment and Compliance automation. The company’s launch of Modulo Risk Manager features exciting VISIO diagramming of risk, PCI 1.1 automation and COBIT 4.0 strategic analysis. Risk manager was just awarded Best World-Wide Security Solution by Microsoft.
About Proginet Corporation
Proginet Corporation is a developer of enterprise security software. Throughout its 20-year history, the company has earned a solid reputation for its multi-platform expertise and dedication to customer service. Its products, including CyberFusion®, CyberFusion Integration Suite (CFI)™, SecurForce™, SecurPass®, and SecurAccess™, support all major computing platforms, from PCs to mainframes. Proginet’s global customer base spans more than 23 countries and includes many Fortune 500 companies. The company is headquartered in Garden City, N.Y., with offices in Toronto, Canada, and is publicly traded under the symbol [OTCBB: PRGF].
For more information, visit www.proginet.com.
Protegrity Corporation delivers enterprise-wide data security management solutions for end-to-end protection for applications and sensitive data, enabling companies to deploy comprehensive security policies with centralized management and auditing. Protegrity is committed to protecting sensitive data wherever it resides in today's highly distributed and heterogeneous computing environments.
About Reflex Security
Reflex Security, Inc., a pioneer in network intrusion prevention delivers real-time network security through its innovative products and IPS Everywhere™ approach to enterprise-wide security. By unifying discovery, deep-packet inspection and a comprehensive prevention engine, the company’s IPS solutions block internal and external security threats to prevent today’s most serious network attacks. With products that are adaptable, reliable and easy to use, Reflex Security simplifies enterprise security for business networks and virtualized networks of all sizes. Positioned as a “Visionary” in Gartner’s Magic Quadrant, Reflex Security has garnered an impressive collection of awards including SC Magazine’s coveted “Best Buy” honor and selection as top performer in its Group Test of IPS vendors.
For more information visit http://www.reflexsecurity.com, call 888-872-7555, or contact any authorized channel partner.
SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS, Nokia, Fujitsu, Hitachi, ARM, Bank of America, NetGear, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet.
For more information, visit www.safenet-inc.com
VeriSign, Inc. (NASDAQ: VRSN), operates intelligent infrastructure services that enable and protect billions of interactions every day across the world's voice and data networks.
Additional news and information about the company is available at www.verisign.com.
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