MetaBank™ Implements Vormetric Data Security for PCI DSS Compliant Database Encryption
Vormetric solves encryption management complexity challenges with centralized key and policy management for SQL Server security
SANTA CLARA, Calif. – July 15, 2008 – Vormetric, Inc. the leader in data security management and enforcement solutions, announced today that MetaBank has implemented Vormetric Data Security to encrypt and protect sensitive personal and financial information on customers and credit card holders. MetaBank selected Vormetric Data Security to encrypt SQL Servers storing sensitive data based on ease of implementation, transparency, performance and centralized policy and key management.
“Vormetric Data Security offered us an easier yet effective method to encrypt our SQL Server databases and comply with PCI DSS encryption and key management requirements,” said Troy Larson, MetaBank’s vice president, Information Systems. “As opposed to the complexity of implementing point encryption products, Vormetric Data Security provides us with a consistent and centrally managed security model across our infrastructure. The abilities to centralize key and policy management as well as implement a solution that evolves with our developing needs were critical factors in our decision to select Vormetric.”
The Payment Card Industry Data Security Standard 1.1 (PCI DSS) requires strict protective measures for securing cardholder data. Any company that stores, processes or transmits credit card data must comply with the standard, which is designed and enforced by card industry leaders Visa, MasterCard, American Express, Diners Club and Discover.
PCI DSS mandates include data encryption, protection of stored cardholder data, detailed auditing and logging of all access attempts, and controls on those who are authorized to view or work with the data. Vormetric Data Security meets PCI DSS and protects valuable information wherever it is stored within the enterprise.
“As enterprises move toward broad encryption implementations, the ability to centralize and standardize key management and data security has become a pressing need,” said Richard Gorman, Vormetric CEO. “Vormetric Data Security is the only solution providing organizations, like MetaBank, with this central point of management, securing any file, any database, anywhere across an enterprise. We are proud to serve MetaBank’s needs as the centralized data security system for addressing their database encryption, customer information protection and PCI DSS compliance needs.”
MetaBank is a federally chartered savings bank headquartered in Storm Lake, Iowa. Meta Financial Group, Inc.® is the holding company for MetaBank, Meta Payment Systems®, and Meta Trust Company®. The Meta Payment Systems (MPS) division of MetaBank based in Sioux Falls, South Dakota, is a recognized leader in the prepaid card industry and provides innovative payment solutions delivered nationally in collaboration with market-leading partners. MPS focuses on offering specific product solutions in the following areas: (i) prepaid cards, (ii) credit cards and lending solutions, and (iii) ATM sponsorship. Meta Financial Group is traded on the NASDAQ Global Market®: CASH. For more information visit http://www.metacash.com.
Vormetric is the leader in data security management and enforcement solutions.. Vormetric Data Security Expert provides a centrally managed, high performance, easy-to-implement, distributed solution that solves the pressing compliance, security and risk management challenges facing today’s enterprises and government agencies. Vormetric's application- and database-transparent solution outperforms other offerings to provide stronger and broader data security at a fraction of the management and implementation cost.
Vormetric's more than 150 customers represent the world's most trusted brands in financial services, retail, manufacturing, healthcare, media, energy and telecom industries as well as highly security conscious government agencies.
Vormetric technology has received strong market validation for its innovative approach to data security, including:
- Selection by IBM as the core database encryption solution for DB2 and Informix on LinuxTM, Unix® and Windows
- Computerworld Technology Innovation Award
- Selection by Symantec to provide the Symantec Veritas NetBackupTM Media Server Encryption Option
- Partnership with Oracle to secure the execution environment for Oracle® Database Vault
- Three patents issued and eleven patents pending
Vormetric is a trademark of Vormetric, Inc. All other names mentioned are trademarks, registered trademarks or service marks of their respective owners.