#London #United Kingdom #Licel #Mobile Security #PCI SSC

Licel Joins Forces with PCI Security Standards Council to Fortify Payment Security

In a significant move aimed at enhancing global security standards for payment data, Licel has officially partnered with the PCI Security Standards Council (PCI SSC). Announced on April 9, 2025, this collaboration marks Licel's entry as a new Associate Participating Organization within the Council, a body dedicated to improving payment security across various industries.

Licel, known for its innovation in mobile channel protection, aims to leverage its extensive expertise in securing mobile payments. For over 14 years, Licel has focused on shielding mobile banking applications, digital wallets, and SoftPOS solutions from evolving cybersecurity threats. As a pioneer in mobile application protection, the company's contribution to the PCI SSC is expected to be invaluable, as it will help develop and refine security standards essential for the protection of payment data worldwide.

The Role of PCI Security Standards Council

The PCI Security Standards Council is a vital organization that leads a global initiative to enhance data security around payment transactions. By offering flexible and effective standards, the Council aims to equip businesses with the necessary tools to detect, prevent, and mitigate cyber threats that could jeopardize sensitive financial data. Collaboration among industry leaders is paramount to fulfilling this mission, and the Participating Organizations program facilitates substantial engagement between these leaders.

Licel's entrance into this program signifies its commitment to addressing the challenges posed by the dynamic landscape of payment ecosystems. The company is keen to contribute its insights concerning the evolution of cyberattacks and share best practices for developers seeking to fortify their applications.

Contributions to Payment Security

As part of its collaborative efforts with PCI SSC, Licel aims to influence the development of security standards by drawing upon its rich experience in mobile cybersecurity. Notably, the company's latest offering, the Licel vTEE (virtual Trusted Execution Environment), has achieved significant recognition. This advanced security solution evaluates and secures applications handling sensitive transactions, ensuring compliance with critical standards such as PCI MPoC across both Android and iOS platforms.

Ivan Kinash, co-founder and CEO of Licel, expressed enthusiasm about the partnership, calling it a vital step toward enhancing mobile technology's safety. “The synergy between our objectives and what PCI SSC aims to achieve is enormous. Our vision is a world where people can fully embrace mobile technology without fear, and we believe this collaboration will significantly advance that vision,” he noted.

As an Associate Participating Organization, Licel not only plans to share its voice in the standard development process but also has the opportunity to propose new initiatives that can enhance payment security globally. Furthermore, Licel will participate in PCI Community Meetings, sharing cross-sector experiences and insights.

The Growing Need for Enhanced Payment Security

With a notable surge in sophisticated attacks targeting payment systems, the need for robust security measures has never been more critical. Gina Gobeyn, Executive Director of PCI SSC, emphasized the importance of their security standards and resources for organizations aiming to protect sensitive payment data and avert costly breaches. The Council welcomes Licel's involvement, recognizing their expertise in securing mobile payment technology as a vital asset to improving payment security.

Licel has already established its presence on over 12 billion instances of secured applications, protecting approximately 310 million users engaged in mobile banking. This impressive track record underscores the company's capability to contribute to the ongoing fight against payment-related cyber threats.

About Licel

Licel stands at the forefront of mobile channel protection, offering a diverse range of cutting-edge solutions, such as anti-malware, device intelligence, API protection, and a virtual trusted execution environment. These innovations collectively work towards securing the future of mobile banking, digital wallets, SoftPOS, and much more.

About PCI Security Standards Council

The PCI Security Standards Council is committed to leading a global, cross-industry effort to enhance payment security through data security standards and programs. The organization conducts research to help detect, mitigate, and prevent cyberattacks, promoting resilient practices across various sectors.

Through this partnership with PCI SSC, Licel is poised to become a key player in enhancing global payment security standards, setting the stage for a more secure payment landscape in the mobile technology domain.