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Forums it-sa Expo International Forum B

Protecting The Digital Ecosystem with Mastercard

How Mastercard is working to protect and secure the digital ecosystem – example RiskRecon

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calendar_today Tue, 12.10.2021, 09:30 - 09:45

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Early Ecosystem: Prior to 2012, the payments ecosystem was largely comprised of issuers, acquirers, merchants and consumers—making up the four-party model.
Expanding Ecosystem: From 2012-2016, growth in the number of digital merchants and third party providers saw more constituents entering the ecosystem—increasing the number of undefined connections between stakeholders. Mastercard developed Safety Net in 2014 in response to growing market and regulatory demand for payment ecosystem protection.
Exploding Ecosystem: While enhancing consumer convenience, the Internet of Things (IoT) has also led to greater complexity in payments acceptance and processing. An explosion of digital players, applications and devices is continually infused into the payments ecosystem, creating infinitely more undefined, and often inadequately protected, connections to other stakeholders. Mastercard continually invests in Cyber & Network Protection to address evolving widespread threats to the ecosystem. Mastercard enhanced Safety Net to protect increasingly vulnerable ecosystem connections—extending protection to acquirers and off-network transactions. Mastercard introduced Threat Scan which assesses issuer production authorization networks for vulnerabilities by emulating known criminal transaction behavior.
With RiskRecon we want to further protect the entire ecosystem.

Language: English

Questions and Answers: No