Latest news with #PCIDSSv4.0.1
Cision Canada
4 days ago
- Business
- Cision Canada
BingX PCI DSS Certification Sets New Benchmark for Data Security in Web3
PANAMA CITY, Aug. 14, 2025 /CNW/ -- BingX, a leading cryptocurrency exchange and Web3 AI company, has successfully attained Payment Card Industry Data Security Standard (PCI DSS) v4.0.1 certification for its fiat business, marking a significant milestone in its mission to protect data privacy and security. BingX is among the first cryptocurrency exchanges worldwide to earn this recognition, underscoring its leadership in applying global security standards to the Web3 space. Maintained by the PCI Security Standards Council — founded by Visa, Mastercard, American Express, Discover, and JCB — PCI DSS v4.0.1 sets rigorous requirements for safeguarding sensitive payment data during storage, transmission, and processing. The certification affirms BingX's compliance across six key security domains — including network security, vulnerability management, data protection, access control, monitoring, and information security strategy. For BingX users, this means an increasingly secure environment for fiat deposits and card payments, ensuring safe and uninterrupted payment channels. Daniel Lai, Chief Business Officer at BingX, commented: "Security has always been at the heart of BingX's operations. Achieving PCI DSS v4.0.1 certification is more than a compliance milestone — it is a commitment to our users that every transaction is handled with the highest global security standards. As digital asset and fiat rails converge, safeguarding users through rigorous protections is not optional — it is core to our mission at BingX." This certification builds on BingX's comprehensive security framework, which includes industry-leading AML systems to block illicit funds, regular Proof of Reserves for full asset transparency, real-time monitoring and alerts for suspicious account activity, abnormal withdrawal reviews, and the $150M self-funded Shield Fund for incident protection. Combined with external audits by partners, regular system updates, advanced encryption and authentication technologies, and partnerships with top security experts, BingX continues to strengthen its platform — uniting globally recognized security standards like PCI DSS with proactive safeguards to ensure a secure, transparent, and user-first trading environment. About BingX Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.
Yahoo
07-02-2025
- Business
- Yahoo
c/side Media Alert: What E-Commerce Businesses Must Know About Recent PCI DSS Updates
The new requirements add client-side security attestation for e-commerce merchants using third-party payment providers SAN FRANCISCO, Feb. 06, 2025 (GLOBE NEWSWIRE) -- c/side, a cybersecurity company with tools for monitoring, optimizing, and securing vulnerable browser-side third-party scripts, today highlighted new self-attestation requirements introduced in recent PCI updates ahead of the March 31, 2025, compliance deadline. The Payment Card Industry Security Standards Council (PCI SSC) introduced significant changes to Self-Assessment Questionnaire A (SAQ A) on January 30, 2025. While SAQ A has traditionally offered a simplified compliance path for low-risk merchants not storing cardholder data, the update adds a crucial requirement: merchants must now confirm their e-commerce systems are protected against client-side script attacks to maintain their SAQ A qualification status. 'E-commerce businesses must now self-attest that their site is secure against client-side web script attacks,' said Simon Wijckmans, CEO and founder, c/side. 'This change presents compliance challenges, especially for merchants relying on third-party payment providers, as many lack the expertise to assess client-side risks. Without the right protections, they may no longer qualify for SAQ A. The best way to ensure PCI DSS 4.0.1 compliance is to continuously monitor the client-side environment in real-time and stay ahead of evolving threats.' What e-commerce merchants must know: Critical March 31 deadline: Merchants must verify (and attest to) their protection against client-side attacks to maintain SAQ A qualification under PCI DSS v4.0.1. Expanded merchant responsibility: While requirements 6.4.3 and 11.6.1 are no longer mandatory, merchants must now actively demonstrate client-side security measures. Hidden vulnerabilities in modern e-commerce: Third-party payment providers do not automatically protect against script manipulation, leaving payment data exposed to sophisticated attacks. Escalating risk environment: Client-side attacks have been rising fast and affecting merchants both large and small. Additional resources: c/side blog with more detail: PCI SSC Updates SAQ A for PCI DSS 4.0.1 – What you need to know c/side press release on PCI compliance capabilities: c/side Launches PCI Compliance Dashboard for New PCI DSS 4.0.1 Requirements PCI Security Council blog: Important Updates Announced for Merchants Validating to Self-Assessment Questionnaire A About c/side c/side is a forward-thinking cybersecurity startup focused on browser-side detection and protection. Led by industry expert Simon Wijckmans, c/side is pioneering technologies to shield against sophisticated cyber threats, ensuring unparalleled security standards for users across the web. ContactKyle Petersonkyle@
