Mastercard launches Threat Intelligence to combat payment fraud
Mastercard has introduced a new service designed to help financial institutions detect and prevent payment fraud before it happens. Mastercard Threat Intelligence will combine the company’s global fraud data with cyber threat intelligence from Recorded Future, resulting in a deeper level of visibility to how fraud originates and spreads across the payments ecosystem.
Fraud doesn’t always start when someone tries to buy something with a stolen card. In fact, it often begins much earlier -- when criminals hack a website to steal card details, run automated tests on stolen cards, or plant malware to skim payment data, for example. Mastercard’s new system helps banks’ fraud teams and cybersecurity teams spot these early warning signs together, instead of waiting until fraudulent transactions happen.
