Cloudera, a hybrid platform for data, analytics, and AI, has announced it has achieved Level 1 compliance with the Payment Card Industry’s (PCI) Data Security Standard (DSS) for service providers. This certification demonstrates Cloudera‘s commitment to cybersecurity and compliance in its mission to help financial institutions unlock business value from AI. With this milestone, Cloudera’s Platform as a Service (PaaS) and Private Cloud (PVC) are both PCI DSS v4.0 compliant, the newest major version of the framework.
PCI DSS standards define rigorous security controls and processes for entities involved in the payment ecosystem, as well as requirements for developers and solution providers to build and securely manage payment devices, software, and solutions for the payment industry.
As the rise of e-commerce has rapidly scaled the amount of data that financial institutions have under management, the need to protect that data has grown as well. According to the International Monetary Fund’s 2024 Global Financial Stability Report, the financial sector is the target for one-fifth of all cyber-attacks, and this risk is largely driven by its dependence on third-party IT providers. Certification with the most recent security standards for the PCI is a testament to Cloudera’s ability to quickly adapt to the latest financial sector security requirements, where threats are constantly evolving and becoming more sophisticated.
AI has also transformed the financial sector in recent years, with financial institutions adopting virtual assistants, creating synthetic data for model training, generating research reports and investment summaries, and harnessing machine learning for fraud detection. As the vendor to eight of the top 10 global banks, Cloudera helps financial institutions harness the power of AI and Generative AI while navigating the associated risks, providing a secure environment for managing the vast volumes of data needed to train AI models.
Commenting on this, industry analyst Sanjeev Mohan, said: “The financial services industry is undergoing significant digital transformation, and the ability to work with trusted third-party solution providers is critical to success.
“Financial institutions can view compliance with rigorous frameworks, like PCI DSS 4.0, as an indicator that the partner they’re choosing to work with is one that can securely navigate the complexities of their data and thrive in this AI-powered future.”
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By GlobalDataCloudera chief information security officer, Natalia Belaya, added: “Cloudera’s achievement of this certification is a testament to our commitment to our financial sector customers.
“We strive to provide and maintain a secure and trusted platform to support our customers with evolving data initiatives and empower them to unlock greater value from AI.”
