As AI drives business value in the financial sector, this milestone underscores Cloudera's commitment to security and compliance

Cloudera, recognized as the leading hybrid platform for data, analytics, and AI, has announced a significant achievement: Level 1 compliance with the Payment Card Industry Data Security Standard (PCI DSS) for Service Providers. This certification highlights Cloudera’s dedication to maintaining high standards of cybersecurity and compliance, crucial for financial institutions leveraging AI to drive business value.

Key Details

• PCI DSS Compliance: Cloudera's Platform as a Service (PaaS) and Private Cloud (PVC) are now both compliant with PCI DSS v4.0, the latest version of the standard.

• Importance of PCI DSS: PCI DSS outlines stringent security controls and processes for entities within the payment ecosystem, ensuring secure management of payment data and systems.

• Growing Data Protection Needs: With e-commerce growth and increased data management in the financial sector, safeguarding data has become essential. According to the IMF's 2024 Global Financial Stability Report, financial institutions are frequent targets of cyber-attacks, highlighting the importance of robust security measures.

Impact on Financial Sector

• AI Integration: Cloudera supports financial institutions in adopting AI technologies, such as virtual assistants and machine learning for fraud detection, while ensuring secure data management.

• Security Assurance: Achieving PCI DSS compliance underscores Cloudera’s ability to meet the rigorous security requirements of the financial sector, addressing evolving threats and sophisticated attacks.

Expert Insights

• Industry Perspective: Sanjeev Mohan, industry analyst, emphasizes that PCI DSS compliance is a key indicator of a solution provider's ability to securely handle complex data environments in an AI-driven landscape.

• Cloudera’s Commitment: Natalia Belaya, Cloudera's Chief Information Security Officer, affirms the company's commitment to providing a secure platform that enables financial institutions to unlock greater value from their data initiatives.

Cloudera’s Level 1 PCI DSS compliance reaffirms its position as a trusted partner for financial institutions, combining robust security measures with advanced AI capabilities. This achievement ensures that Cloudera continues to support its clients in navigating the complexities of data security and leveraging AI for enhanced business outcomes.