"Using Big Data and predictive analytics, MiMS creates an intelligent mapping algorithm, or unique merchant “fingerprint”, to expose man-in-the-middle attacks in web servers in hours or days instead of weeks or months."
Atlanta, GA (PRWEB) May 15, 2013
PayPlum, LLC, announces Man-in-the-Middle Secure™ or MiMS™ service to combat the growing threat of online theft and fraud. By combining PayPlum’s Enterprise PCI software plus MiMS™, PayPlum lowers PCI scope and directly impacts a company's ability to cut down on fraud-related financial losses, and lower the risk of a potential breach to its payment systems.
PayPlum Enterprise PCI with its patent pending messaging technology, helps web-present businesses prevent online fraud by isolating payment data capture and transport. PayPlum's MiMS service actively monitors the health and security of the merchant's entire eCommerce payment chain. MiMS provides actionable data to identify and prevent online fraud for payment transactions.
Each transaction handled by PayPlum generates inert metadata that is sent to the MiMS service. Using Big Data and predictive analytics, MiMS creates an intelligent mapping algorithm, or unique “fingerprint”, to expose man-in-the-middle attacks in merchant web servers in hours or days instead of weeks or months. Early detection of these attacks can protect and mitigate potential fines and monetary losses.
“Fraudsters are becoming increasingly sophisticated, which makes it difficult for merchants to differentiate good orders from bad ones,” said Greg McGraw, CEO and Co-founder at PayPlum. “PayPlum’s Man-in-the-Middle technology provides our clients with the card-not-present industry’s first fraud detection tool for hosted payments along with a significant reduction in PCI scope.”
Founded in 2011 and headquartered in Atlanta, GA, PayPlum has been creating innovative security and compliance products exclusively to protect and secure sensitive consumer data while allowing merchants to maintain full control over their brand and technology infrastructure. PayPlum’s exceptional team of experts is dedicated to helping companies dramatically reduce the risk and costs associated with PCI compliance mandates through effective network segmentation and isolation of all online and mobile touch points that handle sensitive cardholder data. PayPlum’s entire suite of secure middleware software, featuring Man-in-the-Middle Secure™, is PCI PA DSS Version 2.0 validated by industry leading qualified security assessor, Coalfire Systems, Inc. For more information, please visit http://www.PayPlum.com.