TAC Security Launches ESOF PCI ASV, Revolutionizing the Payment Security Market

TAC Security Launches ESOF PCI ASV, Revolutionizing the Payment Security Market

TAC Security Launches

Mumbai, 11th July 2023 TAC Security, a global leader in risk-based vulnerability management and cyber risk quantification, is offering secure payment information and guaranteeing proper adoption and application through PCI ASV (Payment Card Industry Approved Scanning Vendor). This product comes with the existing ESOF solution. It will be free for all TAC Security customers. With this innovative offering, TAC Security aims to become the largest vulnerability management (VM) player.

Driven by the increasing number of online transactions and the critical need to safeguard payment card data, the global market for PCI ASV services has witnessed remarkable growth over the past decade. This underscores the immense demand for robust cybersecurity solutions that ensure compliance with the Payment Card Industry Data Security Standard (PCI DSS).

The global payment security market size was valued at $17.64 billion in 2020 and is projected to reach $60.56 billion by 2030, growing at a CAGR of 13.2% from 2021 to 2030. Payment security software is a type of information protection technology that reveals vulnerabilities, threats, and risks in a payment transaction system and prevents malicious attacks from intruders.

TAC Security has set an ambitious goal of targeting approximately 1 million users by adding the PCI ASV tool with its ESOF solution. It starts as a free service, allowing organizations to experience its benefits first hand and a subscription-based model will be introduced later. This approach ensures that the solution remains affordable and customizable.

TAC Security’s ESOF solution sets new industry standards for PCI ASV offerings and provides a comprehensive and advanced tool that combines cutting-edge vulnerability scanning, detailed reporting, and actionable insights. This solution gives organizations unprecedented visibility into their payment card systems, empowering them to proactively identify and address vulnerabilities before malicious actors exploit them.

Trishneet Arora, Founder & CEO of TAC Security, said, “We are thrilled to introduce our game-changing ESOF solution to the market, redefining how organizations approach payment card security. By combining cutting-edge technology, expertise, and our commitment to customer success, TAC Security is paving the way for a new era of vulnerability management. With our comprehensive and proactive cybersecurity solution, we aim to empower businesses to stay ahead of evolving threats. Our vision is to provide not just a service but a product that offers unparalleled value and the potential for upselling and cross-selling opportunities, revolutionizing the PCI ASV market.”

Of the 79 companies globally impanelled with PCI as ASV (Approved Scanning Vendor), TAC Security is one of only two of Indian origin. This industry recognition showcases the company’s expertise and dedication to providing world-class security solutions.

Rabindra

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