SAN
JUAN, Puerto Rico and MIAMI, Sept. 21,
2022 /PRNewswire/ -- GM Sectec, the global leader in
cybersecurity, and Visa, global leader in digital payments,
announced today the strengthening of their partnership to
facilitate fraud prevention, cyber defense and cybersecurity best
practices in the Latin America and
Caribbean region. To this end, GM
Sectec in partnership with Cybersource, a Visa solution, will now
offer payment and risk management services supported by GM Sectec's
cybersecurity expertise.
The COVID-19 pandemic accelerated the adoption of digital
payments globally and especially in Latin
America and the Caribbean,
as buyers and sellers continue to expand their use of contactless,
on-line and remote payment capabilities. The use of the Internet is
increasingly present in people's daily lives and financial
institutions are increasingly exposed to constant security threat
vectors. This situation has led to an increase in the number of
cyber-attacks and the need to reinforce the security of
transactions made through digital channels.
The 6th edition of Visa's Global Back to Business study finds
that 73% of small businesses surveyed said accepting new forms of
digital payments is fundamental to growth in 2022. 59% of small
businesses surveyed said they already are, or plan to, only use
digital payments within the next two years – largely in step with
41% of consumers surveyed who said the same. 90% of small
businesses surveyed with an online presence said they attributed
pandemic survival to increased efforts to sell online[1].
These figures show the importance of companies implementing an
effective cybersecurity strategy that allows them to continue to
grow, while offering secure shopping experiences to their
customers. Through this collaboration, GM Sectec and Visa will
continue to inform the financial ecosystem on the topic of
cybersecurity and further support the development and
implementation of solutions to mitigate threats, safeguarding the
integrity of their systems and protecting consumers.
For the fourth consecutive year, both companies will continue
the PaySec Talks initiative. These are learning experiences meant
to educate and guide organizations in understanding the importance
of having cybersecurity tools and procedures that help protect
their data and that of their customers and promote an understanding
for their true cyber risk and fraud prevention techniques. In
addition, through this partnership, GM Sectec offers Visa clients
unique support in PCI validation services, cybersecurity
consulting, and fraud prevention assessments.
"One of the biggest concerns for businesses and organizations of
all types, sizes and industries is how to protect the personal data
and sensitive information of hundreds of thousands of users,
customers and consumers who rely on them to conduct their daily
transactions through various channels and platforms, many of them
digital. The strengthening of our partnership with Visa, will allow
organizations of all types across the payment system to engage
cyber defense best practices with the support of a trusted cyber
defense leader," said Hector Guillermo
Martinez, president of GM Sectec.
"For Visa, keeping the digital movement of money secure
is our number one priority," said Eduardo Perez, Chief Risk Officer for Visa in
Latin America and the Caribbean. "Partnerships like this one,
enables us to continue to innovate in solutions that provide buyers
and sellers with increasingly secure, convenient, and frictionless
payment experiences, both online or physically at the point of
sale."
Considering Cybersecurity Awareness Month that takes place in
October – a collaborative effort to raise awareness on the
importance of online security - GM Sectec and Visa will kick off
their Paysec Talks series in Latin
America, starting on September
27th in Mexico City. Pay
Sectec Talks is an initiative designed by Visa and GM Sectec to
raise awareness on PCI DSS Compliance and digital risk management
work streams. For more information on the PaySec Talks Series,
visit: https://events.gmsectec.com/paysec2022_registro
About GM Sectec
GM Sectec is a leading cyber defense and managed security
services provider with operations in 50 countries worldwide and
over 50 years of continuous service. GM Sectec solutions and
services cover three core areas: Risk, Governance, and Compliance,
Managed Security Services, and Fraud Prevention and Consulting,
which in combination are to protect and detect advanced attacks and
respond to them effectively, reducing business risk, fraud, and
cybercrime. Founded in 1970 as General Computer Corporation and
later as GM Group in the 1990s, GM Sectec has an extensive track
record and experience in the management of policies and integrated
processes of technologies and standards for data protection in
payment system risk. The company has been recognized for its high
standards of Security, Availability and Confidentiality, passed the
strictest world class certifications, such as: SOC 2 Type 2 Service
Organization, CSAA Certified, PCI Qualified Security Assessor, PCI
Approved Scanning Vendor, PCI Point-to-Point-Encryption (P2PE), PCI
PIN, PCI PFI UL Listed, Visa Preferred Partner in Cybersecurity and
FIRST team members. GM Sectec is a listed Top 150 Cybersecurity
company in 2022 by Cybercrime Magazine. To learn more about GM
Sectec, visit our website: www.gmsectec.com
About Visa Inc
Visa (NYSE: V) is a world leader in digital payments,
facilitating transactions between consumers, merchants, financial
institutions and government entities across more than 200 countries
and territories. Our mission is to connect the world through the
most innovative, convenient, reliable and secure payments network,
enabling individuals, businesses and economies to thrive. We
believe that economies that include everyone everywhere, uplift
everyone everywhere and see access as foundational to the future of
money movement. Learn more at Visa.com.
[1] Visa Back to Business Global Study
Maycler Suárez
Maycler.suarez@gmsectec.com
+1 787 620-5260
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SOURCE GM Security Technologies