RapidCompute achieves PCIDSS3.2 Certification
February 14, 2017
For the first time in Pakistan, you now have the ability to create your own Cardholder Data Environment (CDE) that can store, transmit or process cardholder data on the Cloud. Founded in 2012 as a division of Cybernet, RapidCompute has come a long way since its inception.
Now, when you utilize RapidCompute for any of its services, you are partnering with one of the best. As, of this week, the company is the first and only cloud hosting provider in the country to achieve PCIDSS 3.2 as well as ISO27001:2013 certified service provider status, which is the highest, most rigorous status in the industry. This move empowers Pakistani organizations, especially from the Fintech space to finally reap the immense flexibility and efficiency of a local cloud provider.
From customers to merchants and financial institutions, the security of cardholder data affects everybody. Credit and debit card payment options are vital for businesses to provide to their customers, particularly banks and E-commerce vendors. Meeting vigilant security standards is essential for keeping a company’s sensitive financial information safe and, just as importantly, letting its clients know they can trust your organization with their financial data. Companies need to make payment security a top priority and a PCIDSS certification is the best way to ensure just that.
The PCIDSS is a global organization that maintains, evolves and promotes Payment Card Industry standards for the safety of cardholder data across the globe. It is the chief information security standard regulated by the worlds’ leading credit card companies that include American Express, Discover, JCB, MasterCard and Visa. It is designed to prevent fraud through increased control of credit card data. This certification involves validation of physical security, operational controls, and related policies.
While most cloud providers continue to focus on datacenter power and cooling tiers, RapidCompute’s infrastructure has always been setup with these design standards. This allows the company to focus on valuable industry certifications like the ISO 27001:2013, Cloud Security Alliance and now PCIDSS to ensure that its processes, procedures and all facets of services are up to international security and availability benchmarks.
The recently-acquired PCIDSS certification by RapidCompute allows customers to develop a cardholder environment or card processing service by leveraging RapidCompute’s validation. Local companies now finally have a cloud vendor that can fulfill their demand of storing and managing data on a secure and compliant platform that can be relied upon.
According to Mr. Danish Lakhani, CEO of the company, this move can help meet the demand for a higher level of security in the country. “We understand the immense responsibility of hosting mission critical data on our cloud and in an age of increasingly sophisticated system attacks, the PCIDSS certification is an organization’s best protection against network security threats and data breaches.”
Mr. Zaeem Arshad, Division Head, added that by moving to the RapidCompute cloud, organizations can eliminate the associated efforts and costs of getting their own PCIDSS certification. “Our four multi-regional locally hosted state-of-the-art data centers also let customers choose exactly where they can place their data. These PCIDSS certified data centers provide our clients with secure, dependable hosting environments and the best-in-class customer support services. There is a great amount of visibility and transparency into which controls are applied to which resources, and how those controls are being operated.
We believe that everyone should reap the benefits of hosting with a trustworthy, local cloud provider. Because of certifications like these, RapidCompute now boasts an impressive diverse base of clients including those from FMCGs, StartUps, Pharmaceuticals, Education, Financial Institutions and even Government institutions. ”
To mark the completion of the certification, an official signing ceremony took place between RapidCompute and the Australian-based certification firm Risk Associates. Dr. Aftab Rizvi, CEO of the firm congratulated the RapidCompute team for acquiring the integral certification; he said “Security is fast becoming the top concern among organizations worldwide. We’re glad RapidCompute has achieved the milestone of becoming the first PCIDSS certified Cloud vendor. The company has demonstrated their commitment to keeping their customers’ data secure at the highest level by complying with the latest security standards and certifications.”