GM Sectec, a global leader in cyber defense and digital payment security, 
announced it has acquired a majority stake in Scure Pty Ltd, a well-known 
leader in payment security and Security Software as a Service (SSaaS) products 
and services in the Oceania region.

The acquisition amplifies GM Sectec's existing presence in Australia and New 
Zealand, and provides a foundation for accelerated growth across Asia Pacific's 
rapidly growing markets. In addition, Scure's cloud-based cybersecurity 
services are a powerful addition to GM Sectec's product portfolio and support 
its mission to provide innovative and powerful Cyber Defense, Governance and 
Fraud Prevention Software as a Service.

Today, any entity across the payment ecosystem which accepts, stores and/or 
transmits payment card data is challenged to meet the quarterly Approved 
Scanning Vendor (ASV) external network scanning requirement in order to 
maintain PCI Compliance. GM Sectec's new FirstFire solution is a seamless, 
intuitive cloud-based offering that enables issuing and acquiring banks, 
merchants, fintechs, gateways, and processors to run their own scans 
proactively simply by uploading an IP address. Once the scan is complete and 
the entity has a passing posture, they are in compliance with PCI Req. 11.2.2 
and are provided with certification for assessment validation. In addition, the 
FirstFire solution includes a "Know Your Customer" API for identify 
verification and an embedded Crypto Security toolset which uses blockchain 
intelligence to monitor, trace, and visualize crypto payments for digital asset 
compliance and risk management.

Speaking about the acquisition, Hector Guillermo Martinez, President of GM 
Sectec, shared that "The acquisition of Scure is important on two fronts. 
First, Scure is a well-established MSSP with a strong team, and they provide a 
great extension of our global services organization and instant credibility in 
a region which offers huge growth potential for years to come." He went on to 
add that "GM Sectec is the world's largest independent Cyber Defense and Fraud 
Prevention firm laser-focused on payment security. As one of fewer than 90 
Approved Scanning Vendors globally, certified by the PCI Security Standards 
Council (PCI SSC), the integration of Scure's technology into FirstFire means 
we're able to offer a SaaS solution which allows financial institutions, 
merchants and service providers to self-provision and run active scans 
themselves. This is a game changer and will help us better serve clients across 
APAC moving forward, as well as the thousands of financial entities, merchants, 
fintech's and processors we serve in over fifty markets today."

Born in the cloud, Scure's SSaaS platform unlocks the full promise of PCI 
Compliance with pervasive visibility, deep learning, and predictive advanced 
cyber defense. "We are thrilled to join GM Sectec, the leading MSSP for payment 
security to banks, processors, gateways, and merchants. Our bench of 
engineering talent and software is a perfect complement to their existing 
portfolio, and we're excited to have our innovative solutions distributed 
globally by GM Sectec's team" said Scure's Managing Director Hector Damian.

Through this acquisition and underpinned by its advanced cloud-based cyber 
security platform, GM Sectec is raising the bar for the SSaaS market. Mr. 
Martinez added that "Our team of security experts has a history of innovation 
and outstanding support. The addition of Scure's active scanning solution 
solves one of the biggest challenges in delivering an integrated PCI certified 
continuous attack surface management tool to help merchants, fintechs and 
processors accelerate detection and investigate crypto fraud and financial 
crime. Any entity who processes, transmits or stores payment cards is required 
to run these scans quarterly, so our goal is to make this as easy as possible."

The new entity will be known as GM Sectec Australia Pty Ltd. and headquartered 
in Melbourne. Clients who have questions or firms who wish to learn more about 
the FirstFire solution should contact mssp@gmsectec.com.

About GM Sectec

GM Sectec offers innovative cybersecurity, governance and compliance solutions 
and services focused on managing digital risk. Its solutions are designed to 
detect advanced attacks and respond to them effectively, thereby reducing 
business risk, fraud and cybercrime. Beginning in 1970 as General Computer 
Corporation and then as GM Group in the 1990s, GM Sectec has a long history and 
experience in payment media and information processing, as well as in the 
management of integrated policies and processes of technologies and standards 
for the safeguarding of data in payment media. Its operating philosophy has 
always been guided by the principles of simplicity, innovation and customer 
success, attributes that have made GM Sectec the leading and fastest growing 
provider of managed security services in the payment security vertical 
worldwide and a listed Top 150 Hot Cybersecurity Company by Cybercrime Magazine 
in 2022. To learn more about GM Sectec, please visit our website: 
www.gmsectec.com

SOURCE:   GM Security Technologies