Visa Bolsters Cybersecurity Services, Shifting Focus towards Preemptive Security Measures for Its Clients
Visa has taken a significant step forward in its commitment to cybersecurity and fraud prevention, launching the global Visa Cybersecurity Advisory Practice. This new initiative aims to help organizations assess, improve, and manage their cybersecurity strategies by identifying vulnerabilities, cyber threats, and compliance gaps.
The practice leverages Visa Consulting & Analytics (VCA)'s global network of consultants, data scientists, and product experts. It offers a range of services designed to provide comprehensive cybersecurity solutions, including:
- Payment Cybersecurity Institute: Employee training and awareness programs on payment security best practices.
- Cybersecurity Maturity Assessments: Reviews of business processes and customer journeys to recommend improvements.
- Enumeration Defense: Support to detect and block enumeration attacks, which involve automated card testing that caused $1.1 billion in fraud losses last year.
Future planned services include threat intelligence and vulnerability testing.
Jeremiah Dewey, an expert with over 20 years in managed security, incident response, and consulting across private and public sectors, has been appointed as Visa’s global head of cyber products. His role is to oversee the growth of Visa’s cybersecurity product suite and build strategic partnerships to address evolving client security needs.
James Mirfin, global head of risk and identity solutions at Visa, emphasized the importance of proactive detection and response in cybersecurity and fraud prevention. He stated that cybersecurity is now seen as a vital part of any business' growth strategy. Visa views cybersecurity as a key driver of business growth, aiming to combine AI advancements with expert consulting to help clients stay ahead in a rapidly changing threat landscape.
In summary, Visa’s new cybersecurity services offer proactive, comprehensive risk management and defense frameworks tailored to payment security, driven by deep expertise and significant technology investment, with Jeremiah Dewey leading product innovation and strategic growth globally. The practice aims to empower clients with analysis of the risk landscape and actionable insights.
[1] Visa Press Release: Visa Launches Global Visa Cybersecurity Advisory Practice [2] Visa Blog Post: Empowering Clients with Analysis of the Risk Landscape [3] Visa Newsroom: Visa's Cybersecurity Services: A Key Driver of Business Growth
- "Visa's newly launched Global Visa Cybersecurity Advisory Practice is designed to offer a comprehensive approach to risk management, focusing on credit card security, leveraging the latest AI advancements, and providing services such as threat intelligence and vulnerability testing."
- "To ensure the success of its cybersecurity services, Visa has appointed Jeremiah Dewey, a seasoned professional in managed security, incident response, and consulting, as the global head of cyber products, aiming to build strategic partnerships for evolving client security needs in the field of cybersecurity and fraud prevention."
