Payments giant Visa has joined hands with FireEye to co-develop tools and services to enable merchants and issuers protect against advanced cyber attacks targeting payment data.
Under the partnership, both the companies will create a community threat intelligence (CTI) offering that will combine threat information from both firms in order to help merchants and issuers detect and respond to cyber attacks targeting their IT and payment infrastructure.
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As part of the offering, FireEye will launch an easy-to-use web based service that allows stakeholders to improve knowledge and share intelligence on attacks targeting the ecosystem.
Also, the companies will provide tools that ensure greater cyber intelligence and enhanced threat monitoring. The firms will also collaborate with FireEye’s cyber forensics group Mandiant, to add more capabilities for issuers and merchants of all sizes.
FireEye CEO David DeWalt said: "This new collaboration brings together two industry leaders to help protect merchants and payment data and minimize the impact of attacks by sharing information."
Visa CEO Charlie Scharf said:"By combining Visa’s unparalleled view into global payments and FireEye’s industry-leading cyber security expertise, we intend to bring faster, actionable intelligence directly to players across the payments system.
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By GlobalData"We’re pleased to be working closely with FireEye, which has been at the front lines identifying and investigating some of the most significant compromises around the world, to provide critical cyber intelligence to merchants and financial institutions."
