It’s critical for companies that accept credit card payments to comply with PCI requirements, which cover 12 major categories, including encryption of credit-card data at the point-of-sale, during transmission to clearinghouses, and physical security of data centers where credit-card data are stored. Logicworks’ certification and solution addresses all 10 of the 10 requirements that a service provider can handle on behalf of a customer, a first for the managed hosting and cloud computing industry.
“We have leveraged our reputation for security, as well as our history and expertise working with sophisticated customers to assemble the most comprehensive PCI solution available,” Kenneth Ziegler, Logicworks’ president and COO. “This offering has the potential to transform compliance initiatives for mid-market retail, healthcare and financial services customers, allowing them to jump ahead of evolving compliance standards – and their competition – virtually overnight.”
Achieving PCI compliance can be costly and time-consuming. The average PCI audit costs between $250,000 to $500,000 to obtain initial compliance according to a March study conducted by the Ponemon Institute. Many customers fail the audit the first time but by utilizing Logicworks’ private/hybrid cloud platform customers can instantly meet 80 percent of their PCI requirements and reduce their compliance costs by two thirds.
The certification applies to Logicworks’ entire network, hardware and security infrastructure and will be renewed annually by Trustwave who performs thousands of PCI audits annually including half the Fortune 500. In addition, Logicworks has teamed with Alert Logic and SpiderLabs to perform independent network scanning and security penetration testing of its infrastructure on a quarterly basis.
“Logicworks has made significant investments in their compliance offerings with an ecosystem of best-of-breed partners,” said Gray Hall, CEO at Alert Logic. “With PCI DSS 2.0 just around the corner, the bar for PCI compliance has been raised. Alert Logic’s integrated partnership with Logicworks allows clients to respond to these changing standards without the time-consuming and costly software upgrade cycles, audits, and other in-depth compliance requirements themselves.”
The comprehensive Logicworks PCI solution covers both the on-boarding process - which includes the design and building of a PCI-compliant environment, as well as the ongoing maintenance process - which includes log review and management, vulnerability testing, intrusion detection and change management procedures.