Marketplace Risk’s Post

💡 Mastercard’s $2.65B buy of Recorded Future is a bold move into AI-driven cybersecurity! This deal shows just how crucial threat intelligence has become in the payments world. It’s not just about transactions anymore—companies are investing heavily in data-driven security to stay ahead of threats. Will others keep up? 🛡️🔍 #Risk #Fraud #Fintech #Mastercard #G2RiskSolutions

#Creditcard firms have become main buyers of #cybersecyurity firms. Mastercard alone bought 125 firms in the #cybersecurity space. So what is the reason for this trend? I’m not sure but maybe they see it as a great opportunity to serve their existing customer base with cyber security products globally. But I also believe that #credit #card #fees will shrink in the future due to #A2A , #stable #coin payments and other alternative payment options. In addition I believe they are super exposed constantly to #cyber #threats who want to get their sensitive #customer #data but also have huge #regulatory #compliance pressure. But I’m sure there are more reasons or views. It would be great if you share these.

Delve into the Essential Role of Multi-Factor Authentication (MFA) in the Fintech Industry with Rainbow Secure. In an era where financial transactions are increasingly digital, MFA stands as a crucial barrier against cyber threats. By requiring multiple verification methods, MFA significantly reduces the risk of unauthorized access and data breaches. Rainbow Secure's MFA solutions are designed to balance stringent security with user convenience, ensuring that fintech companies not only protect their sensitive financial data but also maintain a seamless user experience. Embrace the next level of security with our advanced MFA technology, tailored to meet the dynamic needs of the fintech sector Enhance transaction security with Rainbow Secure. Get your free, cyber-ready assessment! #SecurePayments #Rainbowsecure #MFAEssential #FintechSecurity #CyberDefense #SecureBanking #AdvancedAuthentication #DataProtection #CyberThreatPrevention #UserExperience

Mastercard doubles down on AI-powered threat intelligence! ... In a strategic move, Mastercard agreed to acquire Recorded Future for $2.65B from Insight Partners. Mastercard, which recorded $9 trillion in gross dollar volumes last year, sees how rapid adoption of new technologies has upped the risk of cyber threats. Recorded Future leverages AI to analyze billions of data points and identify threats, already collaborating with Mastercard to alert financial institutions when cards are compromised. Recorded Future serves over 1,900 clients across 75 countries, including the governments of 45 countries. AI clearly will play a crucial role in staying ahead and that's exciting to see how this will shape the future of security! #AI #ThreatInelligence #Fintech #Mastercard #RecordedFuture #InsightPartners #Acquisition

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This strategic initiative between Mastercard and Recorded Future is aimed at driving further advancements in the cybersecurity capabilities of the firm, complementing its services in identity verification, fraud prevention, and cybersecurity. Speaking about the acquisition, Craig Vosburg, chief services officer at Mastercard, said, “Together we will innovate faster, create smarter models, and anticipate emerging threats before cyberattacks can take place – in payments and beyond.” Meanwhile, Christopher Ahlberg, CEO at Recorded Future, further shared, “By joining Mastercard, we see an opportunity to help more businesses and governments determine the steps to realise their full potential – and to enable everyone to feel safer in their daily lives.” #acquisition #cybersecuritymeasure #fintech ------ -[Newsletter] To learn more about the latest news, trends and insights in the technology industry, subscribe to UpTech Media’s newsletter by filling out this form: https://lnkd.in/eKr8Se4y

This Data Privacy Day, Centennial Bank and the American Bankers Association want to empower you with tips to safeguard your financial information: Set Strong Passwords: Choose unique, complex passwords for your accounts and update them regularly. Enable Two-Factor Authentication: Add an extra layer of security to your accounts. Monitor Account Activity: Keep a close eye on your transactions and report any suspicious activity promptly. Be Wary of Phishing: Avoid clicking on unknown links or sharing personal information through unsolicited emails. Update Devices & Software: Regularly update your devices and applications to ensure you have the latest security features. Your privacy matters to us. Together, let's build a more secure digital future! Centennial Bank, Member FDIC.

Why do we say that a user's mobile identity is the new digital social security number? Hear how to verify mobile identity to protect your business and customers from fraudsters in this webinar hosted by About Fraud, Zumigo and Equifax: https://lnkd.in/gmY56cT9

Through the enhancements, Mastercard can now detect potentially compromised cards at twice the speed, providing further protection to cardholders and securing the ecosystem. These new features enable the company to send bank alerts more quickly and with greater accuracy when a card is likely to have been compromised. Johan Gerber, executive vice president, security and cyber innovation at Mastercard said, “Until now, fraudsters may have thought they were operating in obscurity, seeking to launder the card details of millions of unsuspecting victims.” #fraudprotection #onlinepayments #artificialintelligence   ------ -[Awards] MARKETECH APAC is launching its inaugural "Marketing Technology Awards" where we recognise the groundbreaking achievements in marketing technology, uniting the brands and tech organisations within the region’s marketing community. Learn how your brand can be a part of it by checking it more details HERE: https://bit.ly/3SVtoIa -[Newsletter] To learn more about the latest news, trends and insights in the technology industry, subscribe to UpTech Media’s newsletter by filling out this form: https://lnkd.in/eKr8Se4y

Considering the delicate nature of financial transactions and the involvement of customer data, cybersecurity remains a top priority in the realm of banking. The trust and confidence of customers are paramount, leading to continuous scrutiny and enhancement of systems, safeguards, and protocols. While the process of changing passwords may be a recurring task, it serves as a fundamental yet crucial safety measure to safeguard personal and private information. Additionally, banks can bolster security by incorporating multiple-factor authentication, biometrics, and security tokens to add an extra layer of protection against unauthorized access. #Banking #cybersecurityawareness