Protecting payment data when it is processed, transferred, and stored
Mobile, contactless payments are used more and more frequently in today’s society, which creates new security and compliance risks. In addition, cryptocurrencies – although still volatile - have gained official currency status and also have an impact on the mobile payment market.
It is not only the responsibility of the payment vendor to offer a secure app and process, but also the telecommunications industry to provide secure networks, since data – and indeed payment - transactions are processed via mobile networks. If the network is insecure, “Man in the middle attacks” can be possible where a malicious attacker tries to intercept the data which is being transferred from the payment app and the server.
Utimaco provides specialized cybersecurity solutions which comply with payment security standards such as PCI-DSS. We offer a variety of Hardware Security Modules that secure payment use cases and which support blockchain-specific algorithms to secure blockchain-based solutions such as cryptocurrencies. Our tokenization solutions also ensure secure payment data transmission.