Security company, FireEye, has teamed with global payments company, Visa Inc., to bring Visa Threat Intelligence to market.
The new service, tailored to the needs of the payment industry, looks to deliver real-time threat information to merchants and issuers, aiming to allow action against breaches on payment systems.
Subscribers to the new product can gain access to a Web portal that distills the latest proprietary cyber intelligence relevant to payment systems into actionable information, including timely alerts on malicious actors, methods, trends in cyber-attacks and in-depth forensic analysis from recent data breaches.
Sophisticated users can take advantage of APIs that can automatically feed threat indicator data into their own security systems. A premium offering will grant access to advanced tools, powered by FireEye Multi-Vector Virtual Execution (MVX) technology, that analyse and isolate malicious indicators from malware to identify suspicious activity from IP addresses and domains.
“Each week, merchants and card issuers receive thousands of alerts about possible cyber-attacks, making it difficult to know which ones to focus on,” Visa senior vice president of risk products and business intelligence, Mark Nelsen, said.
“Visa Threat Intelligence removes the noise by assessing hundreds of threat indicators and serving up the most important and timely information. Users can then isolate and address those threats that are the most pressing and potentially damaging to their business and customers.”
In addition, Visa Threat Intelligence aims to provide a secure platform where clients can opt to form trusted communities and safely exchange real-time threat intelligence.
The company claims leveraging community-based intelligence is crucial to a comprehensive defence strategy because many attack groups run campaigns that target organisations with a similar profile.
“Attack groups are exceptionally skilled at executing an attack across multiple organisations, identifying successful techniques and scaling those methods to an entire industry,” FireEye svp and chief technology officer, Grady Summers, said.
“By partnering with Visa, we can provide targeted intelligence to the payments industry to combat the economies of scale that attackers employ, and help create a community united in a common defence.”