Avenue Code’s Post

Will PCI audits continue to take business 364 days to complete before the next assessment begins? With machine learning and AI, surely this can be automated?! <><><><><><><><><><><><><><><><><><><><><><><><><><><><> What actually is it? It's a set of rules and standards created by the major credit card companies to ensure that businesses handle credit card information securely. These standards are meant to prevent fraud and protect sensitive data. Sounds quite simple until you find out that there are 4 different levels of PCI and 7 different SAQ types! It is never shocking to hear a customer say "I am not sure on PCI but we answer 434466 questions on it" or "Can you take our PCI burden" P.S- PCI compliance stands for Payment Card Industry Data Security Standard. Is there something we can do as an industry to make this easier? Not just on a gateway/acquirer side but for merchants to find it simpler?

The doors are open at #PCILondon... Keith Harper, Thaddeus Dean, Trevor Lovelock & Jason Cornock are ready for a busy day of networking, #PCI updates and knowledge sharing. Don't miss our education seminar at 12:30 where Keith will discuss "Securing your payment infrastructure and delivering PCI DSS compliance with the acceleration in AI driven services". #SecurePayments #customerengagement #PaymentSecurity #PaymentCompliance

In the dynamic world of payment processing, every transaction, whether online or at a physical point-of-sale, carries with it a responsibility. The sensitive data involved isn't just numbers; it's the trust of countless customers. With regulatory standards like PCI DSS in place, the onus is on businesses to ensure that this trust is never compromised. But here's the silver lining: With https://personam.ai/ at the helm, adhering to these stringent standards becomes less of a challenge and more of a streamlined process. Our state-of-the-art system is meticulously designed to detect potential threats in real-time, ensuring that every transaction remains secure and compliant. Beyond just detection, Personam AI empowers businesses with rapid response tools, ensuring that any security event is addressed promptly and effectively. In essence, we're not just a tool; we're your strategic partner in ensuring that your payment processing remains both efficient and secure. In the vast realm of payment security, let Personam AI be your guiding light, ensuring that while you focus on business growth, we've got your back on compliance and security. 🛡️🌐 #SecurePaymentsWithPersonam #CyberCompliance

In the rapidly evolving financial services sector, staying competitive requires more than just adopting new technologies—it calls for innovative management of these technologies. One game-changing solution is the Internal API Marketplace. Top financial services firms are leveraging Internal API Marketplaces to centralize their APIs, facilitating seamless collaboration across departments. This fosters a culture of reuse, significantly accelerating development cycles by up to 40%, and reducing operational costs by 25%. 🚀 Security is paramount in financial services. Internal API Marketplaces integrate robust security measures like OAuth and TLS, simplifying compliance with regulations such as GDPR and PCI DSS. According to a 2024 Ponemon Institute report, these measures help mitigate costs, which can average $5.1M per cybersecurity breach. Moreover, Internal API Marketplaces are breaking down organizational silos, enhancing productivity by 20%, as noted in a 2024 Deloitte study. Advanced analytics and real-time monitoring ensure optimized performance and quick issue resolution. Ready to transform your financial services operations? Discover the future with MagicAPI and unlock unparalleled innovation and efficiency. #FinTech #APIMarketplace #Innovation #FinancialServices 🚀 #finance #enterprise #api #magicapi Read the full article at: https://lnkd.in/eysM3g-9

Exciting news, new promo video out! 🚨 Let me know your thoughts and let's set up a time to talk to go over the solution in depth! TouchBrick: Protecting Sensitive Data Across Industries with Decentralized Vaults TouchBrick offers a revolutionary cybersecurity solution built around decentralized privacy vaults, safeguarding sensitive data in healthcare, fintech, and AI applications. Our mission is to empower organizations with unparalleled data security and compliance, fostering trust and mitigating the risks of breaches. Giving solutions for industries ⬇ ⬇ ⬇ ⬇ ⚕ Healthcare: Ensure HIPAA compliance and protect patient privacy with secure storage and access controls for Electronic Health Records (EHRs) and other sensitive data. 📈 Fintech: Safeguard financial transactions and customer information, preventing fraud and bolstering compliance with PCI DSS and GDPR regulations. 💻 AI: Securely store and manage AI training data, mitigating bias risks and ensuring responsible development practices. Check out more information on our Website Touchbrick.com

🔒 Staying Ahead in Payment Security: Key Trends & Best Practices. In the ever-evolving landscape of digital transactions, staying informed about the latest trends and best practices in payment security is crucial for businesses of all sizes. At HostedPCI, we're committed to not just providing top-tier payment security solutions but also to keeping you informed and prepared. 🌟 Here are some key trends and insights in payment security for 2024: 1. Rising Importance of Tokenization: With data breaches becoming more sophisticated, tokenization is no longer optional but a necessity. It's a secure way of protecting sensitive payment data by replacing it with a unique identifier, or token. 2. AI and Machine Learning in Fraud Detection: AI is revolutionizing fraud detection by identifying and learning from patterns in transaction data, making real-time fraud detection more accurate than ever. The Shift Towards Contactless Payments: The pandemic accelerated the adoption of contactless payments, and this trend is here to stay. Businesses need to ensure these transactions are as secure as traditional methods. 3. Increased Regulatory Scrutiny: With GDPR and other data protection regulations, businesses are under more pressure to comply with stringent data security standards. Understanding and adhering to these regulations is key. 4. Consumer Awareness: Consumers are more aware and concerned about their data. Transparency in how you handle and protect customer data can be a significant trust builder. 🚀 At HostedPCI, we're at the forefront of these developments, offering solutions like advanced tokenization and secure payment processing that align with these trends. 💡 Stay tuned for more insights, or reach out to us to learn how we can help your business navigate the complexities of payment security and PCI compliance. #PaymentSecurity #PCIDSS #Tokenization #DigitalPayments #HostedPCI

#TouchBrick offers a revolutionary #cybersecurity solution built around decentralized privacy vaults, safeguarding sensitive data in #healthcare, #fintech, and #AI applications. The Touchbrick mission is to empower organizations with unparalleled #datasecurity and #compliance, fostering trust and mitigating the risks of breaches. ⬇ ⬇ ⬇ ⬇  ⚕ Healthcare: Ensure #hipaacompliance and protect #patientprivacy with secure storage and access controls for Electronic Health Records (#ehrs ) and other sensitive data. 📈 Fintech: Safeguard financial transactions and customer information, preventing fraud and bolstering compliance with #pci DSS and #gdpr regulations. 💻 AI: Securely store and manage AI training data, mitigating bias risks and ensuring responsible development practices. #AI #DataPrivacy #TechForGood #privacybydesign #TampaTech #TBT #TBBW #AssnChat #FSAE #tampabaybusiness #mpower #womeninleadership

tokenization vs encryption vs encoding

Falling on 28 January, Data Privacy Day is an annual internationally recognised event that seeks to raise awareness of privacy and data protection best practices. In celebration of Data Privacy Day, Tealium reaffirms our mission to empower organisations to operationalise privacy through trusted technology and strategic expertise. In this first instalment of a two-part ‘Derisking Data’ blog series, gain insight into the regulatory developments that will shape the use of AI and data in 2024 and beyond. #Tealium #CDP #MostTrustedCDP #ConnectYourData #DataPrivacyDay #Privacy #CyberSecurity #AI #ML

The rising threat of card-not-present (CNP) fraud is particularly challenging due to the absence of a physical card, chip, PIN, or signature verification. In CNP transactions, merchants often bear the liability until a chargeback investigation proves otherwise. Current fraud detection methods frequently rely on outdated transaction processing techniques. By transitioning to ISO 20022, expanding data entities, and leveraging AI and ML algorithms, financial institutions can greatly enhance the accuracy and speed of their CNP fraud detection while minimizing false positives. Our comprehensive three-step approach to detecting fraud incorporates strategy, new directives, and advanced technology, delivering improved security, compliance, operational efficiency, and customer trust. Learn more: https://bit.ly/CNP_Fraud .