Ward Solutions introduces payment security consultancy service
5 December 2017 | 0
Ward Solutions has begun offering a Payment Card Industry Data Security Standard (PCI DSS) consultancy service.
PCI DSS was introduced to reduce card fraud and enhance security when businesses are processing card payments. Prior to the introduction of the standard, cardholders and card brands themselves were much more vulnerable to serious crimes such as data theft and fraud, and cybercriminals used a range of tactics such as hacking, malware or social engineering to access and steal funds.
PCI DSS is backed by major brands such as Visa, MasterCard and American Express, and all merchants who accept card payments must now demonstrate compliance, regardless of their size. Although it focuses specifically on payment card data, PCI DSS provides a good framework for companies working towards compliance to the impending General Data Protection Regulation (GDPR), set to come into force on 25 May 2018.
Paul Hogan, CTO, Ward Solutions (pictured), said: “As a merchant, displaying compliance to the PCI standard demonstrates to customers, vendors and suppliers your dedication to cardholder privacy. Adherence to the standard is mandatory for any merchant that accepts credit cards as a form of payment. Ward’s new service will steer businesses through the complex process towards becoming compliant across all areas of their business.
“As our expert team now includes certified QSAs, merchants who avail of this new service can rest assured that they are receiving specialist advice. Customers will also benefit from Ward’s significant experience in the security sector. As a full information security lifecycle company, Ward can provide consultation above and beyond the risk-prevention advice on offer from other companies in the market, and help businesses to quickly and efficiently achieve the Data Security Standard.”
Ward forecasts the new service will generate €850,000 in revenue in the next 12 months.