GM Sectec And Sumo Logic Partner To Simplify PCI Compliance

Date:

Share post:

GM Sectec, a global leader in payment security, and Sumo Logic, a SaaS analytics platform to enable reliable and secure cloud-native applications, announced a partnership to develop Security Analytics. This proprietary PCI 4.0- Ready SIEM is available now and enables service providers and merchants to be ready for PCI DSS 4.0 compliance, the global standard that will replace 3.2.1 for all entities that store, process, or transmit credit card data.

The Payment Card Industry Data Security Standards (PCI DSS) is governed by the major card brands (Visa, Mastercard, American Express, Discovery and JCB), and brings added value to the protection of cardholder data with a defense in-depth model. With Requirement 10 of the updated PCI DSS 4.0 standard set to go into effect between March 2024 and March 2025, organizations will be required to have an automated 24×7 SIEM solution for centralizing the storage and interpretation of safety-relevant data. Powered by Sumo Logic’s Cloud SIEM solution, the Security Analytics offering enables enterprises to see through data noise easily, respond to emerging threats quickly, and cost-effectively maximize protection while proving compliance.

“Our clients look to us to simplify the PCI compliance and renewal process, and PCI 4.0 is one of the biggest and most challenging changes in cybersecurity in recent years. We are excited to work with Sumo Logic and believe that this “Better Together” partnership provides a unique SIEMaaS solution, to complement the PCI expertise of the GM Sectec QSA team,” said Hector Guillermo Martinez, President of GM Sectec.

Together, GM Sectec and Sumo Logic are delivering a scalable, reliable, and high-performance SIEMaaS (SIEM as a Service) solution to help clients meet the new PCI DSS 4.0 standards and reduce cost for compliance through easier management and accelerated workflows, including data retention, security, and access control. Through GM Sectec’s award-winning managed services and Sumo Logic’s Cloud SIEM which empowers SOC teams to modernize security operations by automatically surfacing actionable insights using a single, intuitive, and collaborative cloud-native platform.

“Sumo Logic and GM Sectec are building on their success in delivering value to enterprise customers and combining their strengths to create compelling security offerings that will enable customers to run their businesses more securely and enable a strong compliance posture,” said Timm Hoyt, SVP of Global Channels and Alliances, Sumo Logic. “We are excited to deepen this partnership by combining our Cloud SIEM technology with world-class managed services to offer customers unparalleled cloud-scale solutions built for reliability, security and performance.”

Also Read: Mitigating Cybersecurity Risks in Fintech

GM Sectec has more than 50,000 customers and end users across 50+ countries worldwide and has been recognized for its high standards of Security, Availability and Confidentiality. The company has passed the most stringent world-class certifications, such as: SOC 2 Type 2 Service Organization, CSAA Certified, PCI Qualified Security Assessor, PCI Approved Scanning Vendor, PCI Point-to-Point-Encryption (P2PE), PCI VISA PIN, PCI 3DS, UL Listed, and FIRST members.

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

TerraPay appoints Ruben Salazar Genovez, former Head of Visa Direct, as President

TerraPay, a global money movement company, is pleased to announce the appointment of Ruben Salazar Genovez, recently the...

Crif launches ESG analytics tool for UK banks

ESG Analytics from CRIF, a provider of consumer and business credit information and a key global player in...

Pulsate raises USD 7.7 million in its Series A funding round

Pulsate, a mobile-first customer engagement platform for community financial institutions, has secured USD 7.7 million in funding. Pulsate's platform...

Revenir AI, a FinTech firm, launches hassle-free mobile VAT reclaim for travelers

Revenir AI, a UK FinTech startup, has developed a white-label app for banks that allows travelers to automatically...