BOTECH and Solver4 unite to fight against fraud in payment methods
In today's world, cybersecurity is no longer an option. Fraud prevention in payment methods is a necessity to avoid costly losses for organizations. This new alliance brings the expertise of leading PCI DSS regulation experts such as BOTECH which, combined with BOTECH's team's expertise, will allow both companies to reduce credit card–related fraud and increase the security of their clients' online transaction data. An alliance that will allow both companies to complement their service portfolio and build a much more complete offering.
The countless number of online transactions carried out daily generates a large amount of confidential data, which has become a major target for cybercrime and has caused cyberattacks to increase globally by 151%, with small and medium-sized companies being the most affected due to their lack of resources, according to the World Economic Forum (WEF). This data needs to be protected, and the solution is the PCI DSS regulation.
The PCI DSS regulation is a security standard developed by the major credit card companies (VISA, MasterCard, Discover, JCB, and AMEX) with the purpose of reducing credit card–related fraud and increasing the security of the data involved in online transactions.
It doesn't matter what activity your organization is engaged in. Any organization involved in the processing, transmission, or storage of payment card information is subject to complying with the requirements established by PCI DSS or risks losing its authorization to process cards, facing rigorous audits, or being penalized with substantial fines.
Back-to-school season comes full of surprises, growth, and new projects. Our partners are a very important part of our activity, and we take this opportunity to once again express our sincere gratitude. Through their collaboration and the trust they place in us, they enable us to offer the most cutting-edge and innovative services at an international level. So, THANK YOU to Cleafy, Seon, CounterCraft, Devo, RSA, SocialBrains, Kymatio, Telefónica, Netskope, Fraud.com, Softtek, Fractalia and Know How for your support and, of course, to BOTECH which joins our great family of partners.