PCI DSS compliance is broken. The point-in-time snapshot of a PCI security assessment questionnaire (SAQ) is looking increasingly outdated. Merchants don’t understand the questions. Compliance rates are falling. Risk remains unmanaged, and breaches continue. Many merchant service providers (MSPs) know this only too well. But up until now there has been little alternative.
There is now. ZeroRisk offers a new approach: dynamic cybersecurity assessment tools to continuously identify key areas of risk in your portfolio, in near real-time. It’s merchant portfolio risk management made simple: automated, efficient and intuitive.
A new era of e-commerce
The recent pandemic has driven a huge surge in e-commerce activity, with online sales growing 37% last year. It’s predicted that most of these gains will outlast the current crisis as consumer behaviour changes for good. If this is the new normal, there are major implications for cyber risk management.
First, many smaller merchants have started trading online for the first time. The challenge here is they may be deploying technology which they have limited resources to securely manage. Even larger merchants may be more exposed. As their trading volumes increase, so does criminal scrutiny of their legacy systems, which may be shot through with vulnerabilities.
MSPs need to manage their portfolios in a more agile way than once-a-year SAQs allow for. Merchants see little value in engagement and current PCI portals do little to ease friction. It’s no surprise that fewer than 28% of global organisations achieved 100% compliance, according to the last Verizon report.
This is what ZeroRisk was made for. Five years in development, our platform is built on a unique risk scoring system which allows MSPs to independently validate the cybersecurity and compliance posture of their merchants at scale. Zero intervention is required from the merchants themselves. With this real-time insight, MSPs can follow-up with each merchant to suggest remedial action and enhanced payment and technology solutions.
In this way, ZeroRisk create value and new business opportunities across the entire payments ecosystem. Our leadership team of payments and security experts are here to transform your organisation’s approach to merchant risk management.
ZeroRisk.io is the end-to-end merchant portfolio risk and compliance management system designed to make the payments ecosystem safer for merchant service providers, merchants, and consumers. We measure payment risk and make it easier to manage, by building intelligence and delivering customized, actionable insights across the ecosystem. Our unique risk scoring engine offers contextualized risk assessments at scale to significantly improve the reliability and merchant experience associated with the PCI DSS compliance self-validation model.
Part of the leading cybersecurity consultancy Advantio, ZeroRisk has been five years in development and boasts a formidable line-up of security and payments experts with decades of industry experience.
ZeroRisk is here to empower, disrupt and reimagine merchant risk and compliance management.