Visa will leverage Expel’s managed detection and response (MDR) solution, which prioritises detections based on clients’ key assets, reduces alert-to-response time to minutes, stops threats from spreading, and provides the clients with metrics
Visa enters a cybersecurity partnership with Expel. (Credit: Cliff Hang from Pixabay)
US-based payment card services company Visa has teamed up with security operations provider Expel to help its global clients easily predict and protect against cyber threats.
Under the partnership, Visa will leverage Expel’s managed detection and response (MDR) solution to secure its Value-Added Services portfolio.
The MDR solution prioritises detections based on clients’ key assets, reduces alert-to-response time to minutes, stops threats from spreading, and provides Visa’s clients with metrics.
It provides the clients with the ability to move from a reactive posture to a proactive posture and improves threat detection and response capabilities.
Through the partnership, Visa is enabled to advance its internal cybersecurity capabilities and keep its clients and partners secure.
It intends to start offering the MDR cybersecurity solution initially to its clients within the US and Canada, with plans to expand the offering worldwide.
Expel global channel sales and alliances VP Dan Webb said: “Organisations across the globe trust Visa to help mitigate risk and facilitate safe and secure transactions, so we’re thrilled to complement Visa’s own best-in-class efforts to prevent cybercrime with our MDR capabilities.
“We’re honoured that Visa entrusts us as a customer and recommends Expel as the MDR provider that will help their customers get more actionable insights from their security investments, reduce the amount of time they’re spending investigating threats, and ultimately sleep better at night knowing they have us monitoring and responding in their environments.”
Visa risk and identity solutions global head James Mirfin said: “The partnership with Expel will allow us to provide a more holistic security offering to new and existing clients across the network.”
In a separate development, Visa has announced a new $100m generative AI ventures initiative.
The initiative aims to invest in companies that are focused on developing generative AI technologies and applications in commerce and payments.
According to Visa, the initiative is an extension of its efforts in using AI to improve payments, create value for partners and clients, and enable and empower global commerce.
Visa Ventures, the global corporate investment business of Visa, will lead the new $100m generative AI ventures initiative.
Visa Ventures head David Rolf said: “With generative AI’s potential to be one of the most transformative technologies of our time, we are excited to expand our focus to invest in some of the most innovative and disruptive venture-backed startups building across generative AI, commerce and payments.”
Visa chief product and strategy officer Jack Forestell said: “While much of generative AI so far has been focused on tasks and content creation, this technology will soon not only reshape how we live and work, but it will also meaningfully change commerce in ways we need to understand.”