Vericept Corporation, the provider of information leakage prevention solutions, announced that Circuit City Stores Inc. has selected Vericept's Data Loss Prevention solution to secure valuable customer and corporate data as well as control and maintain current compliance for regulations such as the Payment Card Industry Data Security Standards. Vericept is the only data loss prevention company that provides organizations with a comprehensive solution that defines, identifies and enforces sensitive information in motion and at rest.
As a leading specialty retailer of brand name consumer electronics and related services, Circuit City services millions of customers, employs thousands and manages numerous facilities throughout the US. As the use of digital information and applications continue to proliferate in the enterprise, addressing the vulnerability of sensitive data has become a critical requirement.
With such a wide-scope of business operations, the corporation maintains a significant amount of customer data, intellectual property and proprietary information, which must be kept confidential, secure and in accord with PCI DSS. Circuit City plans to deploy Vericept's entire Data Loss Prevention solution product line to effectively protect their organization from the network to the endpoint.
Dave Parkinson, President and CEO of Vericept stated: "Circuit City is raising the bar and leading the way for ensuring retailers maintain the highest security standards regarding PCI DSS compliance while at the same time protecting their most valuable assets - their sensitive customer data. We are very pleased that Circuit City has selected the Vericept Data Loss Prevention solution in helping to deliver a greater level of service and protection to their expansive customer base and believe this selection further demonstrates our ability to meet the growing needs of enterprise, Fortune 250 class customers."
Vericept's unparalleled detection technology automatically discovers sensitive information based on company policy while business operations continue in real-time. After discovery, Vericept classifies and protects sensitive information against unauthorized distribution even when modified or reformatted. The business case for data loss prevention is now abundantly clear to everyone. A steady stream of high profile breaches affecting both customer records, confidential information, and valuable intellectual property has driven strong demand for DLP solutions.
The need for maintaining and demonstrating compliance has also placed a heavy burden on the enterprise. DLP solutions bring value by reducing the overall scope of controls required, and by automating controls that were previously manual. Together, this reduces the cost and resource burden of an effective compliance program.
Based on its patent-pending Intelligent Content Control Engine, the Vericept PCI DSS solution helps members, merchants and service providers track, monitor, report on and protect all Internet-based transmissions of cardholder information to identify and prevent:
- Rogue transmission using unauthorized protocols
- Unencrypted cardholder data
- Unauthorized access and/or theft of cardholder information