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Global payment security compliance timely, says Malaysia's AIMS Group

AvantiKumar | Dec. 18, 2014
The highly coveted PCI DSS qualification comes at crucial time of increasing data breaches, said AIMS Group CEO Chiew Kok Hin, while also announcing an expansion to Singapore.

AIMS Group CEO, Chiew Kok Hin - mod 

Photo - Chiew Kok Hin, CEO, AIMS Group.

 

AIMS Group's recent achievement of global PCI Data Security Standard (PCI DSS) Version 2.0 payment security compliance is timely, said the Malaysia-based regional carrier-neutral data centre services operator.

Speaking in Kuala Lumpur, Chiew Kok Hin, chief executive officer of the AIMS Group, said AIMS is only the third data centre in Malaysia to receive the PCI DSS global framework compliance recognition, recognised by payment brands such as American Express, VISA Inc, Mastercard, Discover Financial Services and JCB International.

"According to Bank Negara's 2013 annual report, the volume of e-payment transactions comprising usage of payment cards, e-money and Internet banking totalled 1.9 billion transactions, valued at RM16.2 [US$4.65] trillion," said Chiew. "At the same time, credit card fraud was the most common form of payment fraud with total losses amounting to RM29.4 [US$11.3] million, with almost 62 per cent of this amount being due to unauthorised Internet transactions."

"This shows that more needs to be done to prevent leaks occurring from the financial aspect of our digital economy," he said. "A sizeable number of data centre clients are made up of those from the financial and e-commerce industries and while AIMS does not directly manage consumers' financial data, it is a huge concern to them."

"Hence, to protect AIMS data centre clients, we went a step deeper and made the decision to invest in efforts to adopt global standards in data security measures designed to protect cardholder data," said Chiew, adding that AIMS has invested almost RM1 million [US$290 million] in strengthening overall data security of its facilities.

"PCI DSS is not a one off initiative but part of a long term commitment to ensure that AIMS customers have even more faith in our data centre facilities, systems and processes," he added. "Data breaches are becoming more sophisticated by the day and AIMS is especially concerned about payment security as this is where data breaches are more common place."

 Singapore expansion

Chiew also announced that AIMS Group has set up operations in Singapore. "There was a demand from some of our existing customers for a site in Singapore and seeing the need, we have set up a site in Singapore. This speaks volumes of our reliability and credibility overseas as well."

He said AIMS data centres now included the main data centre in central Kuala Lumpur, Cyberjaya, Sabah, Penang, Johor and Singapore.

 

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