{"id":3417,"date":"2020-11-03T09:53:14","date_gmt":"2020-11-03T09:53:14","guid":{"rendered":"https:\/\/outsourcing-today.ro\/?p=3417"},"modified":"2020-11-03T09:53:14","modified_gmt":"2020-11-03T09:53:14","slug":"mastercard-launches-ai-powered-solution-to-help-banks-fight-off-cyber-risks","status":"publish","type":"post","link":"https:\/\/outsourcing-today.ro\/?p=3417","title":{"rendered":"Mastercard launches AI-powered solution to help banks fight off cyber risks"},"content":{"rendered":"<p><strong>Mastercard\u00a0<a href=\"https:\/\/mastercardcontentexchange.com\/newsroom\/2020\/october\/mastercard-launches-ai-powered-solution-to-protect-the-digital-ecosystem\/\">announced<\/a>\u00a0Cyber Secure, a first-of-its-kind, AI-powered suite of tools that allows banks to assess cyber risk across their ecosystem and prevent potential breaches.<\/strong><\/p>\n<p>\u201e<em>With these capabilities, banks can identify and prioritize threats and vulnerabilities throughout their cyber environment. Additionally, acquiring banks can help merchants understand their own cyber risk, preventing hundreds of millions of dollars in potential fraud<\/em>,\u201d according to the press release.<\/p>\n<p>As the digital economy expands, both in size and complexity, so too do its points of vulnerability that may be subject to attack. One example of this is the rapidly advancing Internet of Things \u2013 2.5 quintillion bytes of data are generated by people and their devices every day, with 90% of this generated in the last two years alone.<a href=\"https:\/\/mastercardcontentexchange.com\/newsroom\/2020\/october\/mastercard-launches-ai-powered-solution-to-protect-the-digital-ecosystem\/#_ftn1\">[1]<\/a>\u00a0It is estimated that one business will fall victim to a ransomware attack every 11 seconds by next year<a href=\"https:\/\/mastercardcontentexchange.com\/newsroom\/2020\/october\/mastercard-launches-ai-powered-solution-to-protect-the-digital-ecosystem\/#_ftn2\">[2]<\/a>.<\/p>\n<p>\u201c<em>The world today faces a $5.2 trillion cyber breach problem<a href=\"https:\/\/mastercardcontentexchange.com\/newsroom\/2020\/october\/mastercard-launches-ai-powered-solution-to-protect-the-digital-ecosystem\/#_ftn3\">[3]<\/a>.\u00a0 This is one of the biggest threats to consumer trust.\u00a0 At Mastercard, we aim to stay ahead of fraudsters and to continually evolve and enhance our protection of cyber environments for our bank and merchant customers.\u00a0 With Cyber Secure, we have a suite of AI-powered cyber capabilities that allows us to do just that, ensuring trust across every experience, for businesses and consumers<\/em>,\u201d said Ajay Bhalla, president, Cyber &amp; Intelligence, Mastercard.<\/p>\n<p>\u201eCyber Secure is a big step forward in the continuous quantifying and prioritizing of cyber vulnerabilities.\u00a0 By empowering banks with the ability to continuously monitor and track their cyber posture, it moves cards industry to a more proactive state in managing and preventing data compromise, protecting the integrity of the payment ecosystem and consumer data. In addition, it helps to reduce financial losses associated with attacks, saves time and resources, and provides a comprehensive view of cyber risk through one application,\u201d Mastercard said.<\/p>\n<p>Drawing on the industry-leading capabilities of RiskRecon, acquired by Mastercard in 2020, the risk assessment is performed using advanced AI that combines multiple public and proprietary data sources. The AI evaluates the data against 40 security and infrastructure criteria, with the impact and importance of each vulnerability analyzed to produce a cyber risk rating and issue priority navigator.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mastercard\u00a0announced\u00a0Cyber Secure, a first-of-its-kind, AI-powered suite of tools that allows banks to assess cyber risk across their ecosystem and prevent potential breaches. \u201eWith these capabilities, banks can identify and prioritize threats and vulnerabilities throughout their cyber environment. Additionally, acquiring banks [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[295],"_links":{"self":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/3417"}],"collection":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3417"}],"version-history":[{"count":1,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/3417\/revisions"}],"predecessor-version":[{"id":3420,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/posts\/3417\/revisions\/3420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=\/wp\/v2\/media\/3419"}],"wp:attachment":[{"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outsourcing-today.ro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}