How Mastercard ensures Safety in the Digital World

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Modern technologies are connecting people, and innovations based on them make life easier for millions of people around the globe. On the other hand, there are numerous dangers that come with them. Criminals also use smart technologies and their efforts are directed towards finding and exploiting weaknesses in the digital ecosystem. Data breaches and bot-assisted attacks continue to pose a significant risk to businesses. It is estimated that as of 2024, over USD 4.88 million has been lost due to data leaks.

In such an environment, it is necessary to find an adequate solution in order to protect the network and all its users. One of the companies that is extremely committed to protecting the entire network is Mastercard. This global technology company is present in over 210 countries around the world, and its mission is to connect and empower the inclusive, digital economy which benefits anyone, anywhere making transactions safe, simple, smart and accessible.

Mastercard not only creates solutions that protect transactions, but also plays a proactive role in the development of new strategies and approaches that ensure cyber resilience throughout the digital economy. One of the services developed by Mastercard in this domain is RiskRecon, a cyber security platform that allows organizations to monitor and assess their cyber security in real time. Through this platform, users can have an insight and identify potential security vulnerabilities in their own, as well as their partners` domains, and receive recommendations for actions to take to protect themselves. What sets RiskRecon apart is its ability to act as a preventative tool that helps organizations identify vulnerabilities before problems occur.

RiskRecon operates according to the principle of continuous monitoring and assessment of the security position of organizations and their partners through the analysis of publicly available information. According to the data of this platform, organizations with good practices in the field of cyber security are even 40 times less likely to become victims of attacks. It shows how important it is to develop a custom ROI assessment for third-party risk management in advance.

Another important solution is Threat Protection, designed for protection against DDoS attacks (Distributed Denial-of-Service). This cloud-based solution allows organizations to quickly activate protection for their digital channels without the need for additional hardware or complex technical implementations. With online configuration, Threat Protection can be up and running in as little as half an hour, providing protection that doesn`t require extensive technical knowledge or maintenance resources.

Thanks to these solutions, Mastercard is able to process more than 143 billion transactions annually through its network, ensuring that every transaction is safe, efficient and reliable. In the last three years alone, the network created by Mastercard has prevented potential losses of USD 30 billion.

The commitment to cyber security is further emphasized by the fact that since 2018, Mastercard has invested over USD 7 billion in improving security capabilities, while also supporting the launch of 20 startup companies in this area.

These figures highlight the importance of Mastercard`s solutions such as RiskRecon and Threat Protection in preventing cyberattacks, but also in minimizing the consequences if an attack does occur.

As the ways of doing business become increasingly digital, the security of data and transactions has become essential to building trust. Mastercard invests not only in transaction protection but also in the entire security of the digital ecosystem, from payments to the Internet of things segment, from user devices to the cloud. Thanks to innovative tools such as RiskRecon and Threat Protection, Mastercard enables organizations around the world to proactively identify threats, respond quickly and ensure smooth business continuity.