In a move to fortify the cybersecurity posture of small and medium-sized businesses (SMBs), VikingCloud, a global cybersecurity and Payment Card Industry (PCI) compliance firm, has inked a multi-year agreement with Fiserv, Inc., a leading global provider of payments and financial services technology. The partnership aims to deliver robust cybersecurity solutions tailored to the increasing cyber risks that SMBs face.
Cybercriminals have long targeted SMBs due to their often-limited security resources, making them prime candidates for data breaches and ransomware attacks. Research indicates that only 29% of SMBs consider their cybersecurity defenses mature enough to fend off modern threats, leaving a significant gap that bad actors readily exploit.
“In today’s heightened threat environment, merchants require simple, cost-effective, turnkey cybersecurity solutions that enhance their defense against more frequent – and more sophisticated attacks,” said Jim Burke, Chief Executive Officer at VikingCloud. “Together, VikingCloud and Fiserv are providing SMBs with essential cyber protection that doesn’t require internal technical skills or resources, allowing merchants to save time, save money, and grow.”
The increasing complexity of cyber threats means that businesses must adopt proactive security measures to safeguard sensitive financial data. Fiserv and VikingCloud’s collaboration will introduce a streamlined approach to cybersecurity, empowering SMBs to identify, prioritize, and respond to emerging threats more effectively.
“Both Fiserv and VikingCloud believe in the power of innovation to build a smarter and safer future for merchants and their customers worldwide,” said Casey Klyszeiko, SVP and GM, Global eCommerce and Carat at Fiserv. “By implementing robust solutions, businesses can enhance the ability to quickly identify, prioritize and respond to evolving threats, safeguarding transactions for their customers.”
VikingCloud’s cybersecurity and PCI compliance services already protect over four million merchants worldwide through partnerships with major payment processors, acquirers, and independent sales organizations (ISOs). With this latest alliance, the company seeks to further extend its expertise to SMBs that may lack the internal resources to manage cybersecurity independently.
As the digital economy expands, the need for accessible and scalable cybersecurity solutions has never been greater. By leveraging VikingCloud’s cybersecurity expertise and Fiserv’s extensive reach in the financial services sector, this partnership could play a pivotal role in enhancing security for millions of merchants navigating an increasingly perilous cyber landscape.