Software-Defined Trust specialists MagicCube has been appointed to the Board of Advisors at the PCI Security Standards Council (PCI SSC), whose role helps to ensure the security of card payment systems and determines international standards. MagicCube’s CTO and co-founder, Nancy Zayed, will sit on the board.
“The Board of Advisors provides industry expertise and perspectives that influence and shape the development of PCI Security Standards and programmes,” said Lance J Johnson, PCI SSC Executive Director. “We look forward to working with MagicCube in our efforts to help organisations secure payment data globally.”
MagicCube’s appointment is the first of a startup to the Board, which includes the likes of Amazon, JPMorganChase, Citi and PayPal, and the first of a Software-Defined Trust (SDT) platform designed for payments.
“We rely on input from the Board of Advisors to develop data security standards and programmes that help businesses globally detect, mitigate and prevent cyberattacks and breaches,” said Troy Leach, PCI SSC SVP Engagement Officer. “We’re pleased to have MagicCube on the PCI SSC Board of Advisors to provide critical insights and help us build on the great efforts that are already being done to increase payment security globally.”
“We’re extremely proud to have been elected to join the PCI Security Standards Council’s Board of Advisors to continue our work on advising in the development of the PCI Security Standards,” said Zayed. “We are hoping to share and contribute our experience in providing innovative provable software security technologies designed to come to par with hardware-based security yet competes with it in terms of practicality and ease of adoption, therefore enriching solutions’ availability and extending optionality and speeds of adoption. Our objective of working within the Council to create and advance the standards for adopting new security technologies delivers on the Council’s mission of maintaining the same high level of security of large volume of transactions across the many forms and configurations of payment platforms.”