Mastercard has joined the Dubai Financial Services Authority (DFSA) Threat Intelligence Platform(TIP), furthering Mastercard\u2019s alliance with Dubai International Financial Centre (DIFC). The collaboration cementsMastercard\u2019s commitment to construct intelligence-led,public-private partnerships and boost cyber resilience across the Middle East, Africa and South Asia region. The DFSA TIP facilitates the development of a community of information sharing for regulated and non-regulated companies operating in or from the DIFC.<\/p>\n\n\n\n
In a continuation of Mastercard’spartnership with DIFC under Mastercard\u2019s Cyber Forward program<\/a>, this step will help boost cyber resilience cross the financial industry and payments ecosystem. The Cyber Forward program launched in January 2021 combines Mastercard\u2019s cutting-edge capabilities in cybersecurity with those of leading public sector organizations to create secure digital ecosystems at a national, local and city level. <\/p>\n\n\n\n This collaboration between the DFSA, DIFC and Mastercard sets out to foster greater and more advanced cybersecurity capabilities,including the provision of time-sensitive threat signatures and data patterns that provide for indicators of attempted or actual compromise of information or physical assets. These will culminate in the development of a comprehensive \u2018threat library\u2019 that will enable the DIFC and its institutions to recognize and respond to risk in real-time.<\/p>\n\n\n\n \u201cAs the world grows increasingly connected through the power of digital transformation, it is more vital than ever for industry leaders to act as the first line of defense to create a secure financial ecosystem. Building on our strategic partnership with DIFC, we are delighted to join forces with the DFSA to foster intelligence threat sharing across the entire DIFC community.Together, we are ensuring the region\u2019s most advanced financial hub is also its most secure,\u201d said Khalid Elgibali, Division President \u2013 MENA, Mastercard<\/strong>.<\/p>\n\n\n\n Mastercard\u2019s commitment to join the DFSA\u2019s Threat Intelligence platform deepens our relationship with them to enhance cybersecurity efforts globally. As the leading financial centre in the Middle East, Africa and South Asia, DIFC continues to set the standards that address both the current and anticipated issues facing the industry locally, regionally and internationally,\u201d said Arif Amiri, CEO of DIFC Authority.<\/strong><\/p>\n\n\n\n \u201cCyber resilience begins with maintaining awareness of the increasingly sophisticated techniques of cybercriminals and the persistence of their campaigns. Information is key to maintaining awareness and we welcome Mastercard\u2019s participation on TIP and its commitment to contribute information in support of the cyber resilience of the TIP, DIFC and regional community,\u201d said Waleed Saeed Al Awadhi, Acting Chief Executive, DFSA.<\/strong><\/p>\n\n\n\n Research shows that trust in security is much needed as the digital economy expands. The Mastercard Recovery Insights in 2021 f<\/a>ound that 20-30% of the Covid-related shift to digital commerce globally is permanent, with an additional $900 billion being spent in retail globally in 2020, further demonstrating the need for a robust digital infrastructure capable of combatting increasingly sophisticated types of cybercrime. Mastercardrevealed that it helped save stakeholders $3 billion worth of fraud through its AI-enabled cyber systems in the last two years alone.<\/p>\n","protected":false},"excerpt":{"rendered":" Mastercard has joined the Dubai Financial Services Authority (DFSA) Threat Intelligence Platform(TIP), furthering Mastercard\u2019s alliance with Dubai International Financial Centre (DIFC). The collaboration cementsMastercard\u2019s commitment to construct intelligence-led,public-private partnerships and boost cyber resilience across the Middle East, Africa and South Asia region. The DFSA TIP facilitates the development of a community of information sharing for […]<\/p>\n","protected":false},"author":1,"featured_media":17757,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-17755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",124,83,false],"landscape":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",124,83,false],"portraits":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",124,83,false],"thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",124,83,false],"medium":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",124,83,false],"large":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",124,83,false],"1536x1536":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",124,83,false],"2048x2048":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",124,83,false],"post-thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",124,83,false],"graptor-sq-xs":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/12\/image001-3.jpg",100,67,false]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/web3unplugged.io\/blog\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"Uncategorized<\/a>","rttpg_excerpt":"Mastercard has joined the Dubai Financial Services Authority (DFSA) Threat Intelligence Platform(TIP), furthering Mastercard\u2019s alliance with Dubai International Financial Centre (DIFC). The collaboration cementsMastercard\u2019s commitment to construct intelligence-led,public-private partnerships and boost cyber resilience across the Middle East, Africa and South Asia region. 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