| | December 2017ENTERPRISE SECURITY6Copyright © 2017 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.DECEMBER - 15 - 2017Mailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538DECEMBER - 15 - 2017, Volume 03 - 08 Published by ValleyMedia, Inc. To subscribe to ENTERPRISE SECURITYVisit www.enterprisesecuritymag.com Managing EditorMichael BrownEditorial StaffSalesAaron PierceAlex D'SouzaAva GarciaJoshua ParkerSarah FernandesVishnu V SanthoshT:510.402.1463VisualizersStephen ThomasAjay K DasPAYMENT SECURITY SPECIALCatherine Paulcatherine@enterprisesecuritymag.comIn the world of payments, with billions of transactions traversing through its ecosystem, technology is on an evolution spree to fulfill the market demand for simple and secure transactions. Alongside the meteoric advances in the payment technology realm, time and again we are challenged by the magnitude of breaches and the mayhem unleashed by hackers. In a vulnerable playing field, the race is on to implement infallible safeguards in payment processing, the life force for all businesses. Buoyed by technology advances, security solutions are also becoming smarter and more robust. The progressive security innovations have brought forth tokenization and end-to-end encryption and the launch of new credit and debit cards that leverage cryptography and 3D Secure are measures in the right direction to quell fraudulent activities and improve payment security. Nascent biometric payment technology such as voice- recognition, DNA verification or iris scans could soon become the new normal to secure the payment landscape.A host of software solutions claim their stake in the payment security market as firewalls, security information and event management, multi-factor authentication, data encryption amongst others. The prime requisite for consumers and merchants alike is the promise that every line of code instills a high level of integrity and developers are abreast of flaws and shortcomings to incorporate the necessary design modifications for in-depth defense on a futuristic note. With payment technology surging ahead in full steam, context-based payments, contactless payments, voice-activated transactions amongst others will cease to be mere catchphrases anytime soon. In the complex payment landscape with numerous stakeholders tethered in its value chain, securing every link is vital. While technology can act as a shield, a collaborative and collective approach to orchestrate a better security strategy is of highest priority today where the stakes are equally very high for all participants. As the industry moves towards evolving data security standards and combating threats and payment breaches, striking the optimum balance between security and convenience is decisive.A Multidimensional ViewpointEditorialMichael Brown Managing Editor michael@enterprisesecuritymag.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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