Mastercard launches attack simulation platform Cyber Front
With global cybercrime expected to cost $10.5 trillion USD annually by 20251, innovating cybersecurity remains critical across industries facing rapid digitization.
Today, Mastercard announced the launch of new attack simulation and assessment platform Cyber Front, enabled by a strategic minority investment in Picus Security.
The tool will help businesses and governments enhance their cybersecurity operational resilience as part of Mastercard’s growing Cybersecurity & Risk consulting practice.
Cyber Front, an always-on platform, helps customers strengthen digital ecosystems by validating the effectiveness of their cybersecurity controls to prevent and detect threats. By leveraging a continuously updated library of more than 3,500 real-world threat scenarios, Cyber Front reveals security gaps and provides mitigation insights in real-time so organizations can improve upon cybersecurity investments with continuous validation. Ultimately, the goal is for organizations to understand if their current systems are effective and identify areas of exposure to ensure greater protection in both the immediate and long term.
“We’re helping customers embrace the opportunities—and challenges—of digital transformation. Given the rising cost of data breaches, effective cyber security is tops on that list. Organizations not only need robust defenses today, they need to be testing, learning and adapting to remain resilient tomorrow,” said Raj Seshadri, president of Data & Services at Mastercard. “Our investment in Picus Security and the launch of Cyber Front will enable swifter, smarter cybersecurity decisions with better outcomes for our customers, their employees and, ultimately, their users.”
Picus’ technology has been recognized by experts, including research firm Frost & Sullivan, for innovation in Breach and Attack Simulation.
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1 Morgan. (2020, November 13). Cybercrime To Cost The World $10.5 Trillion Annually By 2025. Cybercrime Magazine. https://cybersecurityventures.com/cybercrime-damages-6-trillion-by-2021/
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
