Foregenix has launched a specialist airline security team to assist airlines, airports and service providers and aviation businesses to ensure their data is secure, including customer and payment data.
The UK-based information security business, which has offices in South Africa and Latin America, said the launch follows years of global experience working within the travel sector, data forensics and information security experts.
The new division is already working with global travel organisations, such as the International Air Transport Association (IATA) and other key organisations within the travel sector. The team works to protect the world’s largest airports, airlines, associations, data processing centres, global distribution system suppliers and travel agents.
Foregenix said that the team will provide comprehensive professional security guidance and Payment Card Industry Data Security Standard (PCI DSS) compliance support for the common use environment and the various organisations operating within the airline industry’s Billing and Settlement Plan (BSP), as well as advice and guidance for the complex challenges the industry faces daily.
“As the association that represents 250 of the world’s airlines, we keenly support the development of more intelligent and robust data security within our sector,” said IATA director Pascal Buchner.
“The travel-sector-specific experience that Foregenix has developed and brings to the airline industry will certainly benefit the airlines and our partners in improving their payment security. “
Benjamin Hosack, director at Foregenix, added: “We have been working in the travel sector for years with organisations such as IATA and many other large multinationals.
“The payment card data security challenges in the sector are complex and require a very good understanding of the travel industry ecosystem in order to be able to provide guidance.“
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
The key points of discussion at 2017's EuroFinance conference in Barcelona on Wednesday were how to deal with the geopolitical uncertainty that is being seen the world over, regulation, automation and cybersecurity.
HSBC arguing that mid-market businesses are missing out on huge exporting opportunities, 3D printing being predicted to cut global trade by 23% in 2060 and the blockchain community launching a voluntary transparency project all hit the latest headlines in the world of treasury this week.