Mastercard, the payment industry giant, and VikingCloud, a global cybersecurity and PCI compliance company, are jointly developing cybersecurity solutions designed for small and medium-sized businesses.
The first solutions, jointly elaborated by the mentioned firms, will be available to VikingCloud’s customers in the second quarter of the current year. The relevant information is contained in the press release, which was published on the official website of the mentioned brand.
It was also noted in the press release that the mentioned joint solutions will help small and medium-sized businesses evaluate their own cyber defense posture, eliminate vulnerabilities, and keep up with the evolving threats in the virtual space.
It is worth noting that against the background of the active evolution of advanced technologies. Including artificial intelligence, the issue of cybersecurity is becoming increasingly relevant. For example, scammers also have access to AI tools, which is why their activities have become more sophisticated. One of the tools for countering such threats in the cyber environment is the personal awareness of users. For example, an Internet search query such as how to know if my camera is hacked will allow anyone to get information about signs of unauthorized access to the device.
The press release also contains information that jointly developed solutions will use Mastercard’s risk-scoring and evaluation capabilities. Moreover, in this case, VikingCloud’s cybersecurity remediation development capabilities and the existing global community of over 4 million merchants will be leveraged.
Besides, the press release noted that the companies’ collaboration is aimed at providing cyber defense solutions to small and medium-sized businesses that face challenges due to limited budgets and internal technical resources.
VikingCloud chief executive officer Jim Burke stated that firms are joining forces to create low-touch, high-value cybersecurity solutions that help reduce risk and build trust with merchants so they can focus on running and building their businesses with less chance of disruption today and in the future.
Johan Gerber, executive vice president, head of security solutions at Mastercard said small and medium-sized businesses form the bedrock of the economy, spurring innovation and entrepreneurship.
It is worth mentioning that in May the payment industry giant opened a center in Europe aimed at tackling cybercrime in this region. The Europe Cyber Resilience Center is focused on increasing the level of defense against cyber threats.
As we have reported earlier, Mastercard and ASEAN Foundation to Launch Cyber Resilience Program.
