Payment security firm, GM Sectec, has partnered with Sumo Logic, the SaaS analytics platform enabling reliable and secure cloud-native applications, to develop security analytics.
The proprietary security information and event management (SIEM) aims to enable service providers and merchants to ready themselves for PCI DSS 4.0 compliance, the new global standard replacing 3.2.1 for all entities that store, process, or transmit credit card data.
The Payment Card Industry Data Security Standards (PCI DSS) is governed by Visa, Mastercard, American Express, Discovery and JCB, to bring added value to the protection of cardholder data with a defence-in-depth model.
As per Requirement 10 of the new PCI DSS 4.0 standard, organisations will require an automated SIEM solution for centralising the storage and interpretation of safety-relevant data. Current plans will see the new standard come into effect between March 2024 and March 2025.
Hector Guillermo Martinez, president of GM Sectec, said: “Our clients look to us to simplify the PCI compliance and renewal process, and PCI 4.0 is one of the biggest and most challenging changes in cybersecurity in recent years.
“We are excited to work with Sumo Logic and believe that this ‘Better Together’ partnership provides a unique ‘SIEM as a Service’ solution, to complement the PCI expertise of the GM Sectec QSA team.”
Powered by Sumo Logic’s cloud SIEM solution, the new security analytics offering enables enterprises to, respond to emerging threats more quickly, and maximise protection while proving compliance more cost-effectively.
Reducing compliance costs as well as ensuring compliance
GM Sectec and Sumo Logic hope to deliver a scalable, and high-performance ‘SIEM as a Service’ solution to help clients align with the upcoming standards. The solution also looks to reduce compliance costs through easier management and accelerated workflows, including data retention, security, and access control.
Timm Hoyt, SVP of global channels and alliances at Sumo Logic, also commented: “Sumo Logic and GM Sectec are building on their success in delivering value to enterprise customers and combining their strengths to create compelling security offerings that will enable customers to run their businesses more securely and enable a strong compliance posture.
“We are combining our cloud SIEM technology with world-class managed services to offer customers unparalleled cloud-scale solutions built for reliability, security, as well as performance.”