A Marlborough-based information security company has been elected to Brazil's regional payment card industry security standards council, just weeks after opening its first office in the country.
Foregenix, which opened its Sao Paolo office in January after establishing a presence in Mainz, Germany and Sydney last year, is one of 14 representatives on the board.
The company has operated in the payment card industry since the inception of the security standards in 2004, and has carried out forensic investigations and compliance assessments on hundreds of organisations, ranging from small online stores to national banks.
It is working with the PCI Security Standards Council, which leads a global, cross-industry effort to increase payment security by providing industry-driven, flexible and effective data security standards and programs that help businesses detect, mitigate and prevent cyber attacks and breaches.
“Understanding the key issues and challenges being faced in a particular country or region is critical, especially a region where we are still growing and developing our levels of support and adoption," said PCI SSC International Director Jeremy King.
"As a member of the Brazil Regional Engagement Board, Foregenix will help us ensure that PCI Security Standards and programs are what we have always said - truly global, appropriate and applicable.”
Guilherme Scheibe, managing consultant for Foregenix Latin America, said: “Our selection for the qualified security assessor seat on the PCI SSC Brazil Regional Engagement Board is a real honour and testament to our commitment, knowledge and reputation in the field.”
PCI SSC associate regional director for Brazil, Carlos Caetano, said: “Brazilian companies have much to contribute to global payment security.
"I look forward to working with Foregenix and other members of the Brazil Regional Engagement Board to help the PCI SSC make payments safer, not only in Brazil but also around the world.”
In 2016 – the year that Rio hosted the Olympics – it was revealed that Brazil was the second largest generator of cyber crime in the world. The country's government has since pledged to work with law enforcement agencies around the globe to tackle the problem.