ATLANTA--(BUSINESS WIRE)--Damballa, a network security monitoring company, announced today that it has joined the PCI Security Standards Council as a new Participating Organization. Damballa will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS).
Endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the PCI Security Standards require merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data protection – not just once a year, but as part of a business-as-usual security posture. To enhance payment data security globally while embracing new technologies as they are developed, the Council relies on involvement of those across the payments processing chain, from merchants and service providers to payment device manufacturers and software developers, financial institutions and processors.
As a Participating Organization, Damballa adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 700 organizations united to improve payment security worldwide.
Damballa will also have the opportunity to recommend new initiatives for consideration to the PCI Security Standards Council, participate in exclusive webinars and question and answer sessions with Council representatives, and review and discuss new versions of the PCI Security Standards while sharing cross-sector experiences and best practices at the annual Community Meetings.
“In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against network security threats and data breaches,” said Stephen W. Orfei, General Manager of the PCI Security Standards Council. “By joining as a Participating Organization, Damballa demonstrates they are playing an active part in mitigating the threats and improving the security of the payment chain globally by driving the security standards to higher levels of adoption and strength.”
“Nearly every enterprise is impacted by security threats,” said Dale Gonzalez, Chief Product Officer at Damballa. Those that must meet PCI DSS requirements run significant risk if data is stolen. Damballa wants to work with the PCI Security Standards Council to help organizations get better visibility into their financial transaction chain, find weak links and bolster them before data theft occurs.”
About the PCI Security Standards Council
The PCI Security Standards Council is a global forum that is responsible for the development, management, education, and awareness of the PCI Data Security Standard (PCI DSS) and other standards that increase payment data security. Founded in 2006 by the major payment card brands American Express, Discover, JCB International, MasterCard and Visa Inc., the Council has 700 Participating Organizations representing merchants, banks, processors and vendors worldwide. To learn more about playing a part in securing payment card data globally, please visit: www.pcisecuritystandards.org.
Damballa is a network security monitoring company that provides evidence of threat-related activity needed to stop data theft. We discover criminal operators that have already bypassed perimeter defenses and pose a business risk. Our automated system works in real-time and over time regardless of the attack vector, device type or OS. Attackers may take time to reveal themselves and when they do, Damballa will expose them and initiate mitigation. Our patented solutions leverage Big Data from one-third of the worlds Internet traffic, combined with machine learning, to automatically discover and terminate criminal activity, stop data theft, minimize business disruption, and reduce the time to response and remediation.
Damballa protects any device or OS including PCs, Macs, Unix, iOS, Android, and embedded systems. Damballa protects more than 400 million endpoints globally at enterprises in every major market and for the world's largest ISP and telecommunications providers. For more information, visit www.damballa.com, or follow us on Twitter @DamballaInc.