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U.S. Bancorp.
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At close at Jul 04, 20:34 UTC
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U.S. Bancorp's Elavon Enhances E-Commerce Security with Jscrambler Partnership Against Cyber Threats

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Cashu
about 2 months ago
Cashu TLDR
  • Elavon partners with Jscrambler to enhance web security compliance for over 400 merchants against rising cyber threats.
  • The partnership focuses on implementing Jscrambler’s solutions for automated script management and real-time skimming prevention.
  • Elavon aims to strengthen merchant security, fostering trust and resilience in the e-commerce payment processing ecosystem.
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Strengthening E-Commerce Security: Elavon Partners with Jscrambler

Elavon, a prominent player in the payment processing landscape, is taking significant steps to bolster the security of its merchant network through a strategic partnership with Jscrambler. This collaboration aims to enhance compliance for over 400 merchants by addressing critical PCI DSS requirements related to web security. In light of the alarming rise in web skimming attacks—particularly those attributed to Magecart infections, which have surged by 103% in the first half of 2024—this initiative comes as a timely and necessary response for the e-commerce sector.

The partnership focuses on implementing Jscrambler’s Client-Side Protection and Compliance Platform, designed specifically to help merchants secure their payment pages while ensuring compliance with essential security standards. Andrew McCarroll, Elavon’s PCIP Customer Payment Security Executive, highlights the urgent need for merchants to defend against these evolving threats. By employing Jscrambler's innovative solutions, merchants can effectively manage their script inventory and detect tampering, critical components in safeguarding customer data and maintaining trust in digital transactions.

Key features of the Jscrambler solution include automated script management that facilitates the discovery and authorization of payment page scripts, real-time skimming prevention to block unauthorized access to sensitive data, and tamper detection that monitors any alterations in HTTP headers and page content. The platform's hybrid architecture allows for both agentless and agent-based deployments, offering flexibility to accommodate the unique needs of different merchants. As Elavon leverages Jscrambler's decade of expertise in client-side security, it empowers its merchants to proactively protect their businesses against the increasing threat of skimming attacks, ultimately fostering long-term customer trust and loyalty in the payment processing ecosystem.

In addition to enhancing security measures, this partnership illustrates the broader trend within the payment processing industry to prioritize compliance and protect against cyber threats. As digital transactions continue to rise, companies like Elavon recognize the importance of implementing robust security frameworks to safeguard their clients. Such initiatives not only protect merchants but also contribute to the overall integrity and resilience of the e-commerce environment.

The collaboration between Elavon and Jscrambler sets a precedent for the industry, emphasizing the need for a proactive approach in the face of rising cyber threats. By addressing the vulnerabilities in payment processing systems, this partnership represents a significant advancement in securing the digital marketplace, ensuring that both merchants and consumers can engage in e-commerce with confidence.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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