BAKU, Azerbaijan, December 4. Over the last few years, the Mastercard global payment system has been actively investing in cyberspace, Mastercard General Director for Azerbaijan and Türkiye Avsar Gurdal told Trend.
“We have purchased a number of cybersecurity firms, including those that provide monitoring and preventive services. We have Cybercrime, Cyberfront, and Risk Recon solutions for both market groups. These solutions aid in the identification of hazards that may affect financial institutions as well as their clients, which include corporations. As a result, we offer these solutions to our banking partners and their clients, who include corporations from a variety of industries,” he said.
On the security of digital payments, Gurdal said payments made via telephone are as safe as those processed via bank cards.
“There are no known security flaws. However, we know that cyberattacks are becoming more common around the world. By purchasing businesses, Mastercard helps our field-related partners. Our members - banks, non-bank organizations, and other enterprises selling Mastercard products - may safeguard their own security and, more critically, the security of their shareholders through our services. We find and test solutions. We introduce items that improve security in linked fields,” he concluded.
With over 2.3 billion account holders in 210 countries, Mastercard is a global technology leader. With a market value of more than $390 billion, Kantar 2023 rates the corporation among the top ten most valuable global brands in the world.