Visa, a global leader in digital payments, and Expel, a leading security operations company, have formed a strategic partnership aimed at enhancing the cybersecurity defenses of Visa’s Value-Added Services portfolio on a global scale.
Visa, operating in over 200 countries, facilitates transactions between consumers, merchants, and governments, while Expel specializes in managed detection and response (MDR) capabilities, offering continuous monitoring and efficient incident response for security teams.
With global cybercrime costs projected to reach $10.5 trillion annually by 2025 and businesses worldwide suffering annual losses exceeding $4 million due to cyberattacks, Visa and Expel have joined forces. Their collaboration aims to empower clients to anticipate and effectively defend against evolving cyber threats, ensuring the integrity of their digital environments.
Expel, a leader in security operations, provides MDR services that prioritize detections based on clients’ critical assets and significantly reduce alert-to-response times, preventing potential threats from spreading. By seamlessly integrating external intelligence, Expel equips Visa’s clients with a strategic advantage, enabling them to shift from a reactive to a proactive security posture and enhancing their threat detection and response capabilities.
This partnership enables clients to transition from reactive security to a forward-looking, risk-based decision-making approach. By leveraging Expel’s MDR, informed by external intelligence and threat techniques, clients gain improved visibility across various attack surfaces, including cloud, on-premises, SaaS applications, and Kubernetes, ensuring a more secure digital environment.
Initially, the partnership will offer Expel’s solution to Visa clients in the United States and Canada, with plans for a global rollout. Additionally, this collaboration will strengthen Visa’s internal cybersecurity capabilities, creating a more secure ecosystem to protect its internal and client-based digital operations from malicious cyber activities.
By FCCT Editorial Team
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