Organizations will have no or a very little reaction time when a payment security incident is reported. Any delay can cause millions of dollars of losses as payment data breaches have huge financial exposures. The first set of actions taken after a security incident reported, determines the extent of damage and success of the investigation. Any incorrect action can cause millions of dollars of damage in addition to unquantifiable reputational damage.
In the recent payment breaches, the following have come to light:
- Payment Breaches are of targeted and highly motivated in nature.
- PCI Compliance requires Security Incident Response as per Requirement 12.10
- Most organizations are unprepared or under-prepared in case of a payment breach.
- 92% of the PFI done witnessed evidence contamination by unaware staff.
To investigate a payment security incident, it requires a combination of Payment security knowledge and forensics expertise which is very scarce in the industry.
PaySIRF is a program developed by SISA, a PCI approved Payment Forensics Investigator in the region to help banks/organizations to address the common challenges of handling the Security incidents and provide the immediate Incident response to the organization. At SISA we assure to respond within 48 hours of any security breach for evidence collection and analysis.
SISA will support banks/organizations to develop a proactive security incident and response program that will help timely identification of any payment security incidents.
Talk to us today, it’s better to “Be Proactive rather than Reactive” when it comes to security.