Reduce the risk of cyber hacking of banks and processors: stakes, trends, realities and recommendations.

The more we are connected, the more we need to reinforce our security in real-time and anywhere. As digital-consumers, simplicity-of-use, safety and security of our payments are a key priority when shopping or transacting. 

This means to secure the payment data and transactions, keep payments safe and secure today and tomorrow, no matter what the device or the geography, we need: skills, good practices, permanent training and alerts, holistic collaboration, the end-to-end encryption and sophisticated tools and infrastructures.

A tool designed to reduce the risk of cyber hacking of banks and processors should be global, agile, seamless, comprehensive, agile and scalable with the capabilities to identify potential attacks before they start and in some cases before the bank or processor is even aware. 

A multi-layer defence approach that works in partnership with issuers, users, acquirers, retailers and consumers is also recommended.  

Security tools should be easy to deploy as possible, capable to monitors different channels and geographies, and provide the most appropriate level of support for each market and partner business, by using inter alia holistic algorithms. 

SafetyNet from MasterCard is a new line of defence for issuers against major attacks and can protect retailers and consumer confidence.