Security Watch: Visa and FireEye team up

Visa and FireEye, have announced their intention to co-develop tools and services to help merchants and issuers protect against advanced cyber attacks targeting payment data.

The Visa and FireEye Community Threat Intelligence (CTI) offering will bring together threat information from both companies so merchants and issuers can quickly detect and respond to attacks against their IT and payment infrastructure.

FireEye will operate the web based service to enhance stakeholders’ knowledge of attacks targeting the ecosystem, improving current industry practices of sharing threat intelligence via e-mail or static documents.

Visa and FireEye initially plan to offer tools that will provide greater cyber intelligence and enhanced threat monitoring and will continue to work together, along with FireEye’s cyber forensics group Mandiant, to add more capabilities tailored to issuers and merchants of all sizes.

Many data compromises have similar attack patterns reinforcing the importance of collective knowledge sharing to help merchants prepare and monitor for known threats. Enhanced monitoring of malicious attacks and suspicious payment activity will help in alerting merchants of potential compromises. Identifying these data compromises earlier means fewer stolen accounts and greater protection for their customers.

David DeWalt, CEO of FireEye, says “The threat environment for merchants is more hostile than we’ve ever seen - attack groups focused exclusively on stealing consumer data are continuously expanding their operations and employing new techniques. This new collaboration brings together two industry leaders to help protect merchants and payment data and minimize the impact of attacks by sharing information”.

Charlie Scharf, CEO of Visa Inc, says “Although we are leading efforts to render stolen data useless through smart technologies, data security remains foundational for merchants. We’re pleased to be working closely with FireEye, which has been at the front lines identifying and investigating some of the most significant compromises around the world.”

Feeling social? Follow us on Twitter and LinkedIn Now!

Join the CSO newsletter!

Error: Please check your email address.

Tags IT Update#Auscert2015FireEyemerchantsIT SecurityCommunity Threat Intelligence (CTI)CSO AustraliaSecurity Watchpayment infrastructureIT NewsvisaCharlie Scharf

More about CSOFireEyeThreat IntelligenceTwitterVisa

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by Anthony Caruana

Latest Videos

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

  • 150x50

    IDG Live Webinar:The right collaboration strategy will help your business take flight

    Speakers - Mike Harris, Engineering Services Manager, Jetstar - Christopher Johnson, IT Director APAC, 20th Century Fox - Brent Maxwell, Director of Information Systems, THE ICONIC - IDG MC/Moderator Anthony Caruana

    Play Video

More videos

Blog Posts

Market Place