Crossbow Labs Appointed to PCI SSC GEAR, Will Represent Payment Security Practices of the Indian Fintech Space

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Crossbow Labs, has been appointed to the PCI Global Executive Assessor Roundtable by the PCI Security Standards Council (PCI SSC). Crossbow Labs has the distinctive privilege of being the youngest firm to change into a consultant, representing the regional expertise developments and shaping fee safety coverage making at a world stage.
 
With the onset of the fintech age, governments are vying to improve their fee infrastructure for inclusivity and fast adoption by retailers and shoppers. This has elevated dependency on the expertise house and it has opened extra avenues for cyber safety threats to influence the fee ecosystem at varied ranges. PCI GEAR is constituted by the PCI SSC as a platform for assessors to alternate regional challenges immediately with the PCI SSC.
 
Nitin Bhatnagar, Associate Director, PCI SSC India, who has been tasked with creating training and consciousness of the PCI information safety requirements with Regulators, Governments and Fintechs in the nation, has stated, Congratulations to Crossbow Labs on being elected as a GEAR Member from India. PCI DSS v4.0 is a unique example of how the Council is evolving security standards and validation programs to support a range of environments, technologies, and methodologies for achieving security. India is an increasingly significant market when it comes to cybersecurity. With the release of version 4.0 of our PCI Data Security Standard this year, it is even more important to have active representation from every corner of the globe from an assessor perspective. There is a need for cooperation among cyber security professionals to join our community of payment stakeholders to help promote the education and implementation of strong payment security standards.”
 
Deepak Umapathy, CEO of Crossbow Labs has stated, Being selected for GEAR as part of 28 organisations out of all the global qualified assessor companies gives us extreme accountability to provide the right kind of advisory. Ensuring that the policies created by regulators are technically implemented and can be readily adopted by organisations of all sizes is the key success factor in establishing cybersecurity across the finch ecosystem. With the blooming of micro financing and fintech startups in the country, the regulators have to tread the tightrope with growth, consumer protection and adaptability in mind. Newer standards like the PCI DSS v4.0 has evolved into a broad-ranging standard on payment security with tremendous flexibility for aiding newer technologies.”
 
The incontrovertible fact that central regulators in India corresponding to the RBI has endorsed this legally is a superb vindication of its success in the nation. Implementing compliance requirements throughout the fee trade has lowered the choke factors for bank card thefts and frauds and this allows safer and trusted platforms for the enhanced e-commerce and on-line fee networks in the nation. 

URL – https://www.crossbowlabs.com | Mail – [email protected]





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