Visa has taken four new security measures to detect and prevent potential trading threats
Credit card company Visa recently announced that it has adopted four new technologies for its payment system to detect and prevent potential trading threats. These new technologies will effectively protect the core of the trading system, namely personnel, data, and infrastructure. The technologies used by Visa include:
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Account Attack Intelligence: Applies deep learning to Visa’s vast number of processed card-not-present transactions to identify financial institutions and merchants that hackers may exploit to guess account numbers, expiration dates, and security codes. By using machine learning, Visa looks to detect sophisticated enumeration patterns, eliminate false positives, and alert affected financial institutions and merchants before follow-on fraud transactions begin.
Payment Threats Lab: Visa will create an environment to test a client’s processing, business logic, and configuration settings to identify errors leading to potential vulnerabilities. Capezza says working directly with clients, Visa can run red-team tests to walk through the methodologies hackers use to launch attacks. They can replicate how various attacks occur to understand them better and look out for new ways hackers can potentially attack financial systems.
eCommerce Threat Disruption: Capezza says the success of EMV cards has shifted cybercriminals’ focus to ecommerce merchants. Visa’s threat disruption capability uses sophisticated investigative techniques to scan the front-end of e-commerce websites for payment data skimming malware. By identifying potential website compromises, Visa hopes to limit the amount of time malware might be present on a merchant website and significantly reduce exposure of customer and payment data.
Payment Threat Intelligence: All of Visa’s new disruption capabilities will enhance Visa’s threat intelligence reports, which go out to Visa’s brick-and-mortar and online clients and the broader financial community. The reports include alerts, analysis, technical indicators, and mitigations for potential cybercrime threats, account compromises and fraud.
Experts say the four new technologies will help Visa improve its Visa Threat Intelligence platform and increase its payment data security.
Via: darkreading
