MasterCard has opened its new digital security facility that aims to test threats to all forms of digital payments in coordination with government security agencies as well as academics.
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Located in England, the MasterCard DigiSec Lab will help deconstruct the technology, whether in EMV chip cards, mobile payments or biometric authentication, to identify opportunities to strengthen it and combat fraud.
To unveil potential threats and problems, the lab team will fire lasers at payment cards, usually used in deep astronomy, and use X-ray machines to assess gadgets used by hackers, along with other activities.
The MasterCard DigiSec Lab will work in collaboration with other groups, which include Information Security, Emerging Payments and MasterCard Labs.
MasterCard Enterprise Security Solutions president Ajay Bhalla said: "The MasterCard DigiSec Lab represents our collective efforts to maximize product innovation and security investments.
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By GlobalData"While payments have never been safer, criminals have never been smarter. We’ve now opened the lab to our customers as part of an ongoing commitment to share insights, solutions and best practices to deliver the highest levels of security."
