Mastercard has acquired a minority stake in Picus Security as part of its initiative to identify gaps in threat prevention and detection within business cyber defenses.
The Picus Complete Security Control Validation Platform offers simulations of cyber threats from a library containing over 3,500 real-world scenarios, helping organizations assess and enhance their defensive capabilities. This attack simulation and assessment platform will be launched by Mastercard under the name Cyber Front.
Raj Seshadri, president of data & services at Mastercard, stated, “We’re helping customers embrace the opportunities—and challenges—of digital transformation. Given the rising cost of data breaches, effective cyber security is top of mind. Organizations not only need robust defenses today, but they also need to continuously test, learn, and adapt to remain resilient in the future. Our investment in Picus Security and the introduction of Cyber Front will empower faster, more informed cybersecurity decisions that yield better outcomes for our customers, their employees, and ultimately their users.”
The terms of the transaction have not been disclosed.