Cloudera, a hybrid platform for data, analytics and AI has announced it has achieved Level 1 compliance with the Payment Card Industry’s (PCI) Data Security Standard (DSS) for Service Providers. This certification demonstrates Cloudera’s commitment to cybersecurity and compliance in its mission to help financial institutions unlock business value from AI.
With this milestone, Cloudera’s Platform as a Service (PaaS) and Private Cloud (PVC) are both PCI DSS v4.0 compliant, the newest major version of the framework
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PCI DSS standards define rigorous security controls and processes for entities involved in the payment ecosystem, as well as requirements for developers and solution providers to build and securely manage payment devices, software, and solutions for the payment industry.
As the rise of e-commerce has rapidly scaled the amount of data that financial institutions have under management, the need to protect that data has grown as well. The financial sector is the target for one-fifth of all cyber-attacks and this risk is largely driven by its dependence on third-party IT providers.
Certification shows Cloudera’s ability to quickly adapt to the latest financial sector security requirements
AI has also transformed the financial sector in recent years, with financial institutions adopting virtual assistants, creating synthetic data for model training, generating research reports and investment summaries, and harnessing machine learning for fraud detection. Cloudera helps financial institutions harness the power of AI and Generative AI while navigating the associated risks, providing a secure environment for managing the vast volumes of data needed to train AI models.
Natalia Belaya, Cloudera’s Chief Information Security Officer, said: “Cloudera’s achievement of this certification is a testament to our commitment to our financial sector customers. We strive to provide and maintain a secure and trusted platform to support our customers with evolving data initiatives and empower them to unlock greater value from AI.”
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