Mastercard launches banking threat intelligence solution
Mastercard has launched a threat intelligence solution designed to help cybersecurity and fraud teams at issuing and acquiring banks fight payment fraud.
Mastercard said in a press release on Monday (October 27) that the Mastercard Threat Intelligence solution combines Mastercard’s fraud insights and global network visibility with the orchestrated cyber threat intelligence of the Recorded Future platform.
The combination is designed to bridge the communication gap between fraud and security teams at issuing and acquiring banks, helping them detect, prevent and respond to online fraud, according to a press release.
Mastercard threat intelligence capabilities include card test detection, digital theft intelligence and merchant threat intelligence, according to the release.
The platform also provides weekly reports detailing emerging threats and vulnerabilities across the payments landscape, as well as actionable case studies and fraud trend analysis.
“As the lines between cybercrime and financial crime continue to blur, innovation is imperative,” said Johan Gerber, global head of security solutions at Mastercard, in a press release. “Mastercard Threat Intelligence provides customers with actionable, real-time and targeted risk insights to disrupt fraudulent transactions, inform strategic defenses, and ultimately enable a more proactive approach.”
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Mastercard completed its $2.65 billion acquisition of threat intelligence company Recorded Future in December 2024.
Mastercard said at the time that the acquisition would add threat intelligence and AI-driven, actionable analytics to its cybersecurity capabilities, providing it with the opportunity to serve diverse customer segments and enhance the effectiveness of its existing products and services.
Gerber told PYMNTS in an interview published in December 2024 that one of the attractions of the acquisition was the insights into consumer behavior and the potential threats that Recorded Future would pose.
“When you make a payment, you've pretty much entered the last part of your digital interaction as a consumer,” Gerber said. “So for us, going beyond payments really means, in this particular case, how we look at the entire digital interaction broadly, rather than specifically payments. Now, if you think about the services that Mastercard offers today, we often talk about the things that we do before a transaction, like account opening, biometric authentication, things like that.”
