Security News
Mastercard continues to deliver on its multi-rail strategy with the addition of Account-to-Account payments functionality to Mastercard Track Business Payment Service. Building on the success of card payments within Mastercard Track Business Payment Service, businesses can now have a similar experience for A2A payments - exchanging data with greater efficiency and facilitating payments across multiple payment rails including Real Time Payments and the Automated Clearing House in the United States.
Mastercard announced Cyber Secure, an AI-powered suite of tools that allows banks to assess cyber risk across their ecosystem and prevent potential breaches. Acquiring banks can help merchants understand their own cyber risk, preventing hundreds of millions of dollars in potential fraud.
Mastercard has teamed up with IDEMIA and MatchMove on their first pilot in Asia of a biometric card that uses a fingerprint to authorize transactions at in-store payment terminals. Developed by IDEMIA in accordance with Mastercard's technical and design specifications, F.CODE Easy ensures privacy and security by storing all biometric credentials on the card chip rather than a central database.
In SecurityWeek's CISO Conversations series, we talk to top Chief Information Security Officers from major organizations within the critical industries to discuss the role of the CISO, and what it takes to be a successful CISO. In this feature, SecurityWeek talks to Mastercard CISO Ron Green, and Ellie Mae CISO Selim Aissi from the finance sector, concentrating on the people problem for CISOs. "I think If either one of the two aspects is stronger than the other, then the CISO will not be successful. I think if a CISO is a salesman, a great communicator all the time but doesn't have the technical chops, then that's a problem. And if the CISO is way deep into the technology and does not focus on the people aspects, on processes, on communication, then that CISO will also fail. It really does require a good balance between the two."
The Mastercard Center for Inclusive Growth and The Rockefeller Foundation announced data.org as a platform for partnerships that will continue to build the field of data science for social impact. As part of the announcement, data.org launched a new $10 million impact challenge to crowdsource scalable and sustainable data science solutions for non-profit, civic and government organizations.
Mastercard on Thursday unveiled a new cyber center in Vancouver, Canada, located at the refurbished Old Stock Exchange Building, where Mastercard subsidiary NuData is also stationed. The center will bring a boost to technology employment, particularly in Vancouver, with just short of 400 new jobs.
RiskRecon, the world's leading platform for easily understanding and acting on third-party cyber risk, and now a Mastercard company, announces its continued commitment to enabling the success of its customers in achieving good third-party risk outcomes, built on a foundation of great customer service and rapid technology innovation. "We are honored to join with Mastercard in serving our rapidly growing customer base who rely on us to provide them accurate and actionable cybersecurity risk ratings and data that enable their success in managing third-party risk," said Kelly White, CEO and co-founder, RiskRecon.
Purchase, NY-based Mastercard announced that it has agreed to acquire Salt Lake City, UT-based RiskRecon, an online security monitoring company that focuses on third-party risk management. Terms...
Acquisition Adds Third-Party Risk Assessment CapabilitiesMasterCard will acquire security startup RiskRecon for an undisclosed sum, the two companies announced Monday. The deal will allow...
Mastercard marked the first tests of a new digital service that has the potential to verify a person’s identity immediately, safely and securely in both the digital and the physical world. The...