Press Release: July 02, 2020
Bengaluru, Mumbai – 25 June 2020 –India’s leading providers of end-to-end cash and digital payment solutions and automation technology solutions, AGS Transact Technologies Limited (AGSTTL), has been harnessing CloudSEK’s Artificial Intelligence (Al) powered digital risk monitoring platform XVigil since July 2019. And given that more and more Indians are adopting online payment options, AGS has decided to ramp up cyber security efforts, to secure their rapidly growing digital payments business.
Post demonetization, most of the cash transactions and interactions have gone digital. And this has seen a steady spike in online purchases and digital payments. Since AGS has been in the forefront of both cash and non-cash transactions, monitoring digital risk is of paramount importance to them and that’s where XVigil plays a vital role. Apart from promptly resolving the issues highlighted by XVigil, AGS is also monitoring their third-party vendors closely. Thus, assuring customers of their commitment to 360-degree cybersecurity.
AGSTTL’S President – Group IT, Ashish Mehta said, “Having used XVigil for almost a year, we have experienced its remarkable capabilities and features. And as our business grows, we continue to widen XVigil’s scope and usage within the organization. We also leverage CloudSEK’s cybersecurity expertise and white-glove services for research and remediation. AGS has been collaborating with CloudSEK since last July and we have experienced first-hand the value and commitment they bring to the table.”
CloudSEK CEO Sourabh Issar said, “AGS has always been ahead of its time when it comes to cybersecurity. Their services have never been more relevant, and we are doing our part to equip them with the right tools, to address their growing cybersecurity needs.” He added, “Our ultimate goal is to help organizations like AGS create a secure environment for themselves, their vendors, and their clients.”
Adding to his comments, Vishal Nar, AGSTTL’s Head – Information Security said, “Online fraud, data leaks, and breaches are some of our major concerns. The pandemic has only aggravated these issues. We take the security of our clients’ data very seriously. And XVigil has kept us and our customers safe, for almost a year now, and it’s a relief to know that we are in good hands.”
Founded in 2015, CloudSEK is on a continued quest to develop intelligent, automated systems that can detect and analyze threats, thus enhancing the scope and efficiency of its customers’ defenses. CloudSEK’s proprietary external risk monitoring platform – XVigil, enables organizations, ranging from banks to tech companies, to have real-time visibility of threats pertaining to their assets, brand, and infrastructure. The platform, which is built on state of the art technology, driven by Artificial Intelligence, navigates the surface web, deep web, and dark web, to detect, categorize, and prioritize cyber threats, and subsequently provide real-time alerts to customers.
AGS Transact Technologies was founded in 2002. AGS provides end-to-end solutions across payment and transaction automation systems, focusing primarily on banking, retail, and petroleum sectors. They are committed to providing hassle-free payment and transaction solutions across India. They pioneered India’s first UPI-QR based features on ATMs, and India’s first fueling app Fastlane. In 2019, AGS was recognized as one of Fortune India Next 500 companies. They have also won numerous accolades for their innovative products and solutions.