GM Sec Tec, Popular, Evertec and Visa hold seminar on data security
SAN JUAN – With the objective of helping protect transactions made in Puerto Rico against fraud, GM Security Technologies, along with Banco Popular, Evertec and Visa, held a seminar Thursday entitled, “How to Comply with Payment Card Industry Standards and Guarantee Data Security.”
The seminar was held to create awareness and ensure that organizations engage in their duty to protect customer data by implementing policies that are based on best industry practices. Specifically, technology for data protection that follows models such as the Payment Card Industry Data Security Standard (PCI DSS) for transactions.
The components of this standard add value to cardholder data protection and are strictly enforced by companies that manage credit card transactions. Thus, “no matter how big your company is, information security has become everyone’s responsibility in the card payment management chain,” a joint release reads.
GM Security Technologies specializes in managed/hosted security via hybrid cloud computing and provides business continuity and integrated security (physical and cyber) services, as well as automation and process orchestration. Besides being the only security services company in Puerto Rico, the Caribbean and Northern Latin America that operates two geographically dispersed Critical Incident Response and Replication Centers certified by the Central Station Alarm Association for operator certification and training, it has 45 years’ experience in IT services.
“As PCI Qualified Security Assessors, we want to educate and support Puerto Rican companies on the importance of maintaining the security of their systems. To the extent that organizations comply with PCI standards, they become part of the solution, offering a global and unified response to tackle security failures in payment card data,” said Héctor Guillermo Martínez, president of GM Sec Technologies.
Popular Inc. is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands.
Miguel Páez, first vice president of Commercial Banking at Banco Popular, stressed that “for us at Popular, it is extremely important to promote the necessary knowledge to offer security to business owners and their clients in terms of sensitive information in transactions with credit cards. We are very committed to this educational initiative on the PCI Standards. ”
Evertec provides merchant acquiring, payment processing and business solutions services. It manages networks that process more than two billion transactions annually and offers technology outsourcing, and owns and operates the ATH personal identification number debit network. Although based in Puerto Rico, the company operates in 26 Latin American countries as well.
Meanwhile, Visa, as a global leader in digital payments, has said it is capable of handling more than 65,000 transaction messages a second.