News from the Wire

SecurityMetrics launches merchant liability reduction program

Tuesday, April 03, 2012 — 12:24:58 (EDT)

Orem, Utah, April 3, 2012 -- A merchant liability reduction program, SecurityMetrics Assurance provides businesses the confidence to operate without fear of the effects of a breach by providing payment card data discovery software, breach insurance, and security consulting. SecurityMetrics Assurance is customized for acquirers and ISOs who wish to reduce risk and liability in their portfolio.

In addition to unlimited use of PANscan®, a software that allows users to search a business network for unencrypted card data, SecurityMetrics Assurance also provides retroactive insurance coverage up to $100,000 per merchant identification number (MID). Insurance coverage may be used for costs associated with fines, notification costs, forensic investigation costs, payment card replacement feeds, regulatory fines, and penalties related to PCI DSS (Payment Card Industry Data Security Standard) HIPAA (Health Insurance Portability and Accountability Act), GLBA (Gramm Leach Bliley Act) and more. The program also includes one hour of free consulting with a security specialist and a professionally written security policy to help companies implement secure card processing and handling practices.

"Most breach protection programs only offer up to $50,000 of insurance, when the cost of a breach may total up to or over $100,000," said SecurityMetrics CEO Brad Caldwell. "We want to protect merchants with more than just insurance, so we developed an affordable product bundled with all aspects of compromise protection, such as security consulting, a security policy, and PANscan card discovery software."

SecurityMetrics Assurance ranges from $1.50 to $2.00 per MID per month. Discounts apply if a PCI program from any PCI service provider is currently in place. To include SecurityMetrics Assurance in your portfolio, contact 801-995-6855 or email assurance@securitymetrics.com.

About SecurityMetrics (www.securitymetrics.com )

SecurityMetrics assists in protecting electronic commerce and payments leaders, global acquirers, and their retail customers from security breaches and data theft. The company is a leading provider and innovator in merchant data security and compliance, and as an Approved Scanning Vendor and Qualified Security Assessor, has helped over 1 million organizations manage PCI DSS compliance and/or secure their network infrastructure, data communication, and other information assets. Founded in October 2000, SecurityMetrics is a privately held company headquartered in Orem, Utah.

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Source: Company press release.