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HanesBrands partners Lazarus Alliance for compliance audit
Jul '17
Courtesy: Hanesbrands
Courtesy: Hanesbrands
Lazarus Alliance, a US based leading cyber security, governance, risk, and compliance (GRC) firm has announced its partnership with HanesBrands, which is a global marketer of everyday basic apparel under world-class brands. Lazarus Alliance will perform Payment Card Industry Data Security Standard (PCI DSS) compliance audit for HanesBrands.

PCI DSS is a proprietary information security standard developed and mandated by major global credit card brands, including Visa, MasterCard, American Express, Discover, and JCB. All organisations that accept or process these companies' payment cards must comply with PCI DSS, and compliance must be validated annually by an external Qualified Security Assessor (QSA) such as Lazarus Alliance.

"PCI DSS compliance is crucial for retailers, especially multinationals like HanesBrands. A single data breach can severely impact a company's reputation, as well as its ability to conduct business in the future," saidd Michael Peters, CEO of Lazarus Alliance. "The rigorous security processes and controls mandated by PCI DSS are essential to protecting customer and payment card data in complex data environments where tens of thousands of transactions are processed every day."

"Organisations dread compliance audits because they are so costly and time-consuming; resources that could be spent on running and growing the business are instead devoted to compliance," added Peters. "The ITAM's pre-loaded PCI DSS modules eliminate confusion and speed up reporting by 180 per cent on average. That is significant for any organisation, and it is even more so for a company as large as HanesBrands. The ITAM empowers companies to spend far less time and money on compliance audits, freeing them up to focus on their core competencies."

HanesBrands sells t-shirts, bras, panties, shapewear, underwear, socks, hosiery, and activewear. Its brands include Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Berlei, and Gear for Sports.

Founded in 2000, Lazarus Alliance has remained on the cutting edge of IT security, risk, privacy, governance, cyberspace law, and compliance leadership, innovation, and services provided to the global community. In addition to being a PCI DSS QSA, Lazarus Alliance offers a wide range of audit and assessment services. (KD)

Fibre2Fashion News Desk – India

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