Simility Achieves PCI DSS Service Provider Level 1 Compliance
Simility, a high ranking cloud powered fraud detection and prevention software solution has just announced it has achieved PCI DSS Service Provider Level 1 Compliance.
Whatever that means, right? Well evidently this is a huge deal for the likes of Simility-who’s versatile encompassing human analytics and machine learnings assists companies in fighting abuse and fraud, while facilitating trust and safety.
Simility’s platform serves as a sturdy shield for clients across multiple spaces and industries from the most piercing methods of fraud. The company’s leading adaptive fraud prevention solution for the new digital economy combines the power of machine learning and human evaluation and analysis. It gives fraud analysts the ability to swiftly adapt to deceivers wide ranging tactics. All of this is done without having to write code.
The PCI Data Security Standard was the brainchild of five major credit card networks and can help minimize the risk of credit card fraud, as well as hacking and other security vulnerabilities.
“Securing the data of our customers and their users is of utmost importance to us,” said Simility CEO Rahul Pangam. “Only 11% of organizations meet all 12 PCI requirements, according to a Verizon compliance report. Attaining PCI DSS compliance in a cloud environment is an extremely complex and difficult, if not impossible, task. We are proud of our team for achieving this milestone. At Simility, we continue to underscore our commitment to security as well as the protection and integrity of customer data.”