Ubizen Announces Managed Security Solution For The Payments Industry

New Compliance Program Reduces Risk of Credit Card Theft and Fraud Ubizen, the principal provider of Managed Security Solutions (MSS) for global businesses, has announced the availability of the Ubizen OnlineGuardian Compliance Program. The new managed offering facilitates compliance with Visa and MasterCard’s security audit programs – a series of best practices for any acquirer, merchant, payment service provider or payment processor that stores, processes or transmits cardholder data.

Businesses are confronted with a growing number of standards and regulations that are – directly or indirectly – related to IT security. The main challenge is determining whether existing security controls really do perform what is required by the applicable standards and regulations. This requires the organisation to demonstrate that it has a consistent, repeatable method for measuring IT security compliance.

“We see a growing market for solutions that combine the critical functions of regulatory compliance and security risk management,” explains Stijn Bijnens, CEO of Ubizen. “The Ubizen OnlineGuardian Compliance Program is an example of such a solution. It assists acquirers and merchants in the payments industry to manage compliance with Visa and MasterCard security mandates and at the same time enhances their security posture.”

In order to reduce the risks of credit card theft and fraud, both VISA and MasterCard have set forth proactive account data security programs involving extensive security audits of select merchants, payment service providers and processors. These ongoing security review programs recognise that security is a process, not a static implementation.

Under the terms of both Visa and MasterCard’s account data security programs, it is the acquiring bank that is responsible for ensuring compliance of its merchants, payment service providers or processors. The Ubizen OnlineGuardian Security Dashboard delivers the acquirer a centralised management portal from which it can monitor the progress and compliance of its merchant population.

Once signed up, merchants, payment service providers and processors get access to the Security Dashboard to fill out the self-assessment questionnaire and to schedule periodic vulnerability scans, both of which are mandated by the credit card associations’ security programs. Once completed, the organisation can consult its level of compliance and, if needed, take corrective actions.

Optionally, Ubizen can deliver an on-site compliance assessment. Such assessment – mandatory for high-risk organisations – provides a thorough analysis of the company’s security posture, both from a technical and a processes and procedures perspective. The primary focus is the Internet-facing systems and applications.

Ubizen is both a “MasterCard Certified Security Vendor” and a “VISA Qualified CISP/AIS Security Assessor.” Ubizen was also the first security service provider allowed to conduct forensics investigations for all four major credit card associations. For more information on the Ubizen OnlineGuardian Compliance Program and other solutions for the payments industry, visit http://www.ubizen.com.

About Ubizen
Ubizen is the principal provider of Managed Security Solutions for global businesses.

Companies rely on Ubizen OnlineGuardian services to manage, monitor and support security devices 24x7x365. Ubizen’s Professional Services complement Ubizen OnlineGuardian managed services, by helping enterprises plan and implement security policies and infrastructures. Ubizen is also pioneering solutions for Application Security. For more information visit www.ubizen.com.




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