PXP Financial signs Foregenix for cyber threat risk mitigation

credit: Shutterstock
credit: Shutterstock

Payments service provider PXP Financial has entered the next phase of its partnership with cyber security firm Foregenix.

After 15 years of acting as PXP Financial’s PCI auditor, through the new expansion Foregenix will now also be able to provide extensive cybersecurity monitoring and protection for eCommerce clients.

Dwaine Thomas, Deputy Chief Operating Officer at PXP Financial, reflected on the new deal by saying: “We have long recognised Foregenix as an industry leader with an impressive breadth of expertise, in fact, PXP was an early adopter of the Foregenix Serengeti security monitoring service which offers endpoint monitoring and SOC service.

“When it comes to enabling eCommerce, taking a bespoke approach and becoming an extended member of the customer’s team is essential to building effective technology solutions. Like us, Foregenix is known for attention to detail and speed, and our teams are already working seamlessly together to bring this comprehensive offering to the market.

“This is an exciting next step in a very successful collaboration, which comes at a time when the threat landscape is evolving exponentially, and cyber attacks are becoming ever more sophisticated. I look forward to strengthening our relationship with Foregenix and giving our customers even greater peace of mind with an enhanced risk management service.”

Through the new deal, Foregenix will assist PXP Financial with various penetration testing services to ensure that the payments service provider, which also holds PCI-3DS and PCI P2PE certifications, will remain best protected against crime.

Benjamin Hosack, Co-Founder & Director at Foregenix, added: “This partnership is a testament to our shared commitment to making cyberspace safe for us all. As the eCommerce ThreatScape evolves and changes, we see an increasing need for specialist cyber security solutions to keep eCommerce businesses secure and trading safely.

“We look forward to leveraging our many years of front-line digital forensics experience and our technology to support PXP Financial and their customers today and tomorrow.

“I am grateful for the opportunity to work with PXP Financial, and I look forward to continuing our long and successful partnership.”