Mastercard’s using AI to Fight Cyber Fraud

Pymnts published an article on October 30, 2020 about Mastercard’s Cyber Secure using Artificial Intelligence to fight cybercrime fraud. Here’s a summary:

Mastercard has revealed its artificial intelligence (AI)-fueled Cyber Secure tool suite that makes banks evaluate cyber risks throughout their ecosystems and stop potential breaches from occurring. Banks can discover and rank threats and vulnerabilities across their cyber environments with these tools.

The risk evaluation is conducted with advanced AI which brings together various public and propriety information sources and draws upon the capabilities of RiskRecon. The AI compares the data to 40 security and infrastructure points, with the effect and significance of every vulnerability evaluated to create a cyber risk rating and issue priority navigator.

This offering helps decrease financial losses connected with these attacks conserves resources and offers a full view of cyber risks through a single application. Cyber Secure comprises an important part of Mastercard’s multi-tiered cybersecurity approach to secure the ecosystem, safeguard cyber environments and set industry standards that work across sectors.

 

Source: pymnts.com


Contributed by Racquel Bailey from Jamaica. Racquel is a member of our Women in InfoSec Caribbean (WISC) initiative on Discord. WISC is a non-profit initiative supporting Caribbean women and girls to develop a career in Information Security. Learn more about WISC at wiscaribbean.org.

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