Wednesday, January 27, 2021

Alibaba Cloud And LGMS Form Partnership To Offer Enhanced Security

Alibaba Cloud And LGMS Form Partnership To Offer Enhanced Security

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Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, and LGMS, a leading cyber security consulting company, have formed a global partnership to help enterprises boost their security capabilities. With more organizations adopting a hybrid cloud approach to their digital transformation journeys, the partnership is designed to help companies enhance their cyber security capabilities in a multi-cloud environment, effectively protecting the security of both private and public clouds.

As LGMS integrates with Alibaba Cloud’s Marketplace, Alibaba Cloud customers will gain access to LGMS’s one-stop service to comply with the Payment Card Industry Data Security Standard (PCI DSS). PCI DSS is a global standard that organizations which accept or process payment data need to follow. By going through LGMS’s evaluation process, businesses will be able to identify and rectify their potential security loopholes to ensure payment security and reduce unnecessary losses. As the demand for contactless digital payment methods rose amid the pandemic, industries such as e-commerce, healthcare and education saw a growing need to move their operations online to protect customers from cyber attacks as well as their own operations from breaches.

Clients of Alibaba Cloud, assisted by LGMS, will only need to go through three simple steps to comply with the PCI DSS – identify potential system risks via self-assessment, detect system vulnerabilities using penetration testing and improve security capabilities to fulfill all PCI DSS conditions, after which they will obtain the attestation from LGMS. Undergoing this process provides businesses with a comprehensive and professional health checkup and helps them save time by avoiding having to research the compliance requirements relevant to their businesses.

Mr. Fong Choong Fook, Chief Executive Officer of LGMS said, “The financial loss caused by cyber security incidents urges businesses to strengthen their payment environment. With just a few clicks, Alibaba Cloud can provide companies from across the Asia Pacific region and beyond easy-to-use assessment services and globally-authorized PCI DSS certificate, for more companies to protect their customer’s payment information.”

“Alibaba Cloud is committed to building partnerships with brands that offer value-added services capable of meeting shifting customer demands,” said Selina Yuan, President of International Business, Alibaba Cloud Intelligence. “We are proud to be working with LGMS, an industry expert with a strong track record in the field of cyber security assessment. With this partnership, we are able to offer customers access to LGMS’s world-class professional experience to ensure the highest security standards in the process of their digital transformations.”

According to the International Monetary Fund, the number of cyber attacks has tripled over the last decade.[1] Effective cyber security has become increasingly important for enterprises to avoid financial losses. Alibaba Cloud has always put security as a top priority and has more than 80 security and compliance accreditations worldwide.

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