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FireEye, Visa Collaborate on Payment Card Security Offering; Grady Summer, Mark Nelsen Comment

FireEye, Visa Collaborate on Payment Card Security Offering; Grady Summer, Mark Nelsen Comment - top government contractors - best government contracting event

cybersecurityFireEye has partnered with Visa to offer a cybersecurity service intended to help payment card issuers and users to access threat information through a web portal.

The companies rolled out the FireEye-powered Visa Threat Intelligence service to alert customers about malicious actors targeting payment systems as well as recommend methods to identify and address data breaches, FireEye said Tuesday.

“Each week, merchants and card issuers receive thousands of alerts about possible cyber-attacks, making it difficult to know which ones to focus on,” said Mark Nelsen, senior vice president of risk products and business intelligence at Visa.

“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 defense,” added Grady Summers, FireEye chief technology officer.

The companies’ integrated security platform employs FireEye’s virtual execution engine designed to recognize malicious Internet protocol addresses and domains.

FireEye and Visa aim to introduce additional products in 2016 to help businesses and consumers avoid theft of payment card data through the partnership.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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