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SafeNet Tapped to Solve Compliance Needs for South African Payment Processor

Mon. September 14, 2009; Posted: 07:30 AM
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BALTIMORE & HONG KONG, Sep 14, 2009 (BUSINESS WIRE) -- ALDN | Quote | Chart | News | PowerRating -- SafeNet, Inc., a global leader in information security now affiliated under common with Aladdin Knowledge Systems, today announced that Tutuka, a South African-based payment processor, selected SafeNet's DataSecure platform and ProtectHost (PH) EFT hardware security module (HSM)--two components of SafeNet's Enterprise Data Protection (EDP) Security Suite--in order to meet PCI DSS and EMV compliance.

Tutuka provides organizations with software-based solutions for gift vouchers, gift cards, prepaid Mastercards, prepaid cash replacement and loyalty programs, enabling these organizations to reach their customers who typically do not use traditional credit card payment options. Through Tutuka's core platform, these payment methods can be easily and securely issued, redeemed, tracked, and reported on through multiple channels such as point of sales, terminals, EFT switches, self-service kiosks, telephone, and the Web.

"The PCI DSS requires us to encrypt credit card data that resides on our Microsoft SQL database and, to comply with EMV, we needed a secure form of chip and PIN generation," said Shaun Hodgkiss, technical director, Tutuka. "Our selection of SafeNet EDP was based on the recommendation of a leading industry assessor, as well as the company's long-standing history of solving data protection and compliance challenges for financial enterprises."

Tutuka needed a cost-effective security solution that would not only install quickly with their existing infrastructure, but could be built upon as the company expands its services and, inevitably, faces new compliance and data protection issues. Tutuka implemented SafeNet's DataSecure platform and PH EFT HSM in less than six months and, by using a single vendor for multiple platforms, reduced their overall cost and complexity of compliance.

"Unlike disparate, multi-vendor point solutions, SafeNet EDP provides an integrated security platform with centralized policy management and reporting for seamless control of encrypted data," said Joe Moorcones, corporate vice president and general manager, Commercial EDP Division, SafeNet. "With SafeNet EDP, enterprises handling payment information can avoid fines for non-compliance, offer their customers the peace of mind that comes with knowing their assets are safe, and mitigate potential legal liabilities in the future."

SafeNet DataSecure allows commercial and government organizations to ensure compliance and limit liabilities by protecting any sensitive data accessed by employees, customers, or third parties. For data protection, DataSecure is the only appliance-based encryption technology available that features granular, field and file level encryption capabilities and that can be integrated with file, web, application, and database servers as well as PCs.

Compliant with FIPS 140-2 Level 2 and Common Criteria Evaluation Assurance Level 2, DataSecure centralizes all cryptographic processing, key management, logging and auditing, and security policies on a single, hardened appliance, which maximizes overall security.

ProtectHost EFT HSM prevents identity theft and other e-crimes by encrypting PINs, passwords, and online transaction data. It is designed for EFT and payment system processing environments, providing security for online banking transactions and applications for credit, debit, and chip cards. The PH EFT encrypts data at the client browsers and decrypts it at the host, so transactions are secure from point of entry through processing and authentication.

The PH EFT PIN Mailer System enables printing of PINs directly to secure PIN envelopes, eliminating the need to hook up to a different machine. As the world's fastest electronic-funds transfer technology, the PH EFT operates at 1200 operations per second and features EMV support that specifically meets mandated requirements for payment processors--like Tutuka--card issuers, acquirers, merchants, and e-payment providers.

SafeNet's complete EDP Solution Suite includes database and application data encryption, disk and file encryption, centralized key management, network and WAN encryption, and two-factor authentication.

About SafeNet and Aladdin Knowledge Systems

In 2007, SafeNet was acquired by Vector Capital, a $2 billion private equity firm specializing in the technology sector. Vector Capital acquired Aladdin in March of 2009, and placed it under common management with SafeNet. Together, these leading global companies are the third largest information security company in the world, which brings to market integrated solutions required to solve customers' increasing security challenges. SafeNet's encryption technology solutions protect communications, intellectual property, and digital identities for enterprises and government organizations. Aladdin's software protection, licensing, and authentication solutions protect companies' information assets and employees from piracy and fraud. Together, SafeNet and Aladdin have more than 50 years of security expertise in more than 100 countries around the world. Aladdin is expected to be fully integrated into SafeNet in the future.

For more information, visit www.safenet-inc.com or www.aladdin.com.

(C)2009 SafeNet is a registered trademark of SafeNet, Inc. All other product and brand names mentioned in this document are trademarks or registered trademarks of their respective owners.

SOURCE: SafeNet, Inc.

SafeNet, Inc. 
Public Relations: 
Donna St. Germain, 443-910-4760 
donna.stgermain@safenet-inc.com 
www.safenet-inc.com 
Analyst Relations: 
Gregg Lampf, 443-327-1532 
glampf@safenet-inc.com 
www.safenet-inc.com
For full details for ALDN click here.

    


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