Rackspace Technology becomes a Qualified Security Assessor Company with the Payment Card Industry Security Standards Council in EMEA

Rhea-AI Summary

Rackspace Technology (NASDAQ:RXT) has achieved Qualified Security Assessor Company (QSAC) status for the Payment Card Industry Data Security Standard (PCI DSS) in EMEA. This recognition allows Rackspace to provide essential security services to merchants handling card transactions, including compliance reports, gap analysis, and security training. This status enhances Rackspace's ability to support clients in payment security amidst growing threats. The announcement underlines Rackspace's commitment to helping businesses navigate evolving security landscapes.

Positive

• Achievement of QSAC status enhances Rackspace's service offerings in payment security.
• Ability to provide Annual Reports on Compliance for large volume merchants.
• Enhanced customer support for payment security needs across EMEA.

Negative

• None.

LONDON, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), the leader in end-to-end multicloud solutions, today announced it has achieved Qualified Security Assessor Company (QSAC) status for the Payment Card Industry Data Security Standard (PCI DSS) across EMEA (referred to as Europe and CEMEA by the PCI SSC).

The registration is part of the globally accepted Payment Card Industry Data Security Standard (PCI DSS), a set of 12 requirements and multiple sub-requirements designed to optimise the security of credit, debit card transactions to protect cardholders against misuse of their payment card information. 

Obtaining QSAC status means that Rackspace Technology can now offer several services to merchants ensuring their payments and processing of card data is managed securely. Services include but are not limited to:

• Annual Reports on Compliance (RoCs) to customers who stores, processes, or transmits more than 6 million Visa and Mastercard payments per annum or more than 300,000 for service providers.
• Scope review and any possible de-scoping options
• Gap analysis
• Self-Assessment Questionnaire assistance and guidance
• Staff awareness workshops
• Documentation review and provision of templates
• Approved Scanner Vendor
• Penetration testing and code reviews
• Multi Factor Authentication solutions
• File Integrity Monitoring solutions

Jeff Bennison, Director of Security Consulting, Professional Services EMEA at Rackspace Technology, said: “Obtaining the Qualified Security Assessor Company status for the Payment Card Industry is a rigorous assessment that we’re very proud to have achieved.

“We can now support customers with any payment security needs as well as provide training and scope identification to enable them to understand the fuller picture of their business’ requirements.

“With Rackspace Technology as a merchant’s or service provider QSAC, customers throughout EMEA will benefit from our agility as moving at pace is paramount in the fight against nefarious attacks and security concerns.”

For more information on Rackspace Technology’s Professional Services click here and for Security click here.

About Rackspace Technology
Rackspace Technology is the leading end-to-end multicloud technology services company. With capabilities to design, build, and operate its clients' cloud environments on all major technology platforms, regardless of technology stack or deployment model. It partners with its customers at every stage of their “journey to the cloud,” enabling them to modernise applications, create new products, and adopt innovative technologies.

Media Contact
Devika Mistry
EMEA Rackspace Technology Corporate Communications
Devika.mistry@rackspace.co.uk

FAQ

What does Rackspace Technology's QSAC status mean for RXT investors?

The QSAC status allows Rackspace to offer various security services, potentially increasing its market presence and revenue, positively impacting RXT investors.

What services can Rackspace Technology offer now that it has QSAC status?

Rackspace can provide compliance reports, gap analysis, self-assessment assistance, security workshops, and more to merchants under PCI DSS.

How does QSAC status benefit Rackspace Technology's clients?

Clients gain access to expert guidance on payment security, compliance, and risk management, enhancing their operational security.

When did Rackspace Technology announce its QSAC status?

Rackspace announced its QSAC status on August 3, 2022.

What is PCI DSS and why is it important for Rackspace Technology?

PCI DSS is a set of security standards for payment card transactions, and achieving QSAC status allows Rackspace to assist clients in maintaining compliance.