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MasterCard has launched Cyber Front, a new attack simulation and assessment platform designed to bolster businesses and governments’ cyber security operational resilience.
Cyber Front is designed to be an "always-on platform", which aims to support customers in enhancing digital ecosystems via the effectiveness of their cyber security controls in order to prevent and detect threats.
According to Raj Seshadri, president of data and services at MasterCard, given the rising cost of data breaches, effective cyber security 'tops" the list.
"We're helping customers embrace the opportunities – and challenges – of digital transformation.
"Organisations not only need robust defences today, they need to be testing, learning, and adapting to remain resilient tomorrow.
"Our investment in Picus Security and the launch of Cyber Front will enable swifter, smarter cyber security decisions with better outcomes for our customers, their employees and, ultimately, their users," Seshadri said.
The financial services giant's Cyber Front leverages regularly updated library of over 3,500 real-world threat scenarios. It is enabled by a strategic minority investment in cyber security vendor Picus Security, according to MasterCard, which reveals organisations' security gaps and provides real-time mitigation insights aimed at improving cyber security investments with continuous validation.
According to Rik Turner, senior principal analyst at Omdia, the Cyber Front platform reflects the security market trend of investment in proactive technology to complement detection and response solutions.
"What Mastercard is doing with Cyber Front is enabling merchants (and presumably banks) that work with its payment cards to strengthen their defences without waiting to be attacked to identify any holes in them."
"Threat actors generally – and fraudsters in particular – have picked up on the trend toward ever more online commerce and are redoubling their efforts at purloining payment card details, whether to sell them to other miscreants online or to exploit them in actions that hurt the victims' finances."
"By investing in both cyber security and risk, MasterCard seeks to gird itself for battle, and with Cyber Front, it aims to do the same for its partners in the chain," Turner said.
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