Mastercard announced the opening of its European Cyber Resilience Centre (ECRC) at its European Headquarters reaffirming the company?s commitment to combatting cyber threats and enhancing resilience in the region. The new state-of-the-art centre will sharpen defenses against cyber threats, speed up response times and serve as a hub for thought leadership in cybersecurity, fostering collaboration between the public and private sectors. With continuous digitization and unprecedented levels of connectivity, cybercrime presents a shared challenge across all organizations.

Fraudsters are using technology in more innovative and sophisticated ways to try and harm consumers and businesses. Cybercrime has turned into a global economy now estimated to be worth trillions of euros. To address this ever-evolving threat landscape, the ECRC brings together partners from across the public and private sectors.

By leveraging its facilities and diverse talent pool, it facilitates collaboration with national cyber intelligence centres, law enforcement agencies, and industry bodies across Europe. The Centre bolsters Mastercard?s ability to combat cyber threats across the digital ecosystem and helps it protect, detect, and respond to attacks. It fosters deeper connections with customers, partners, and stakeholders and drives collaboration across the region, enhancing resilience.

The Mastercard European Cyber Resilience Centre includes a Fusion Centre, the heart of Mastercard?s organizational incident response, and a Digital Forensics Lab in addition to representatives from more than 20 teams - all crucial to running an effective Resilience Centre. The commitment to European security is reflective of Mastercard's role in powering economies and empowering people. This is underscored by its robust infrastructure, which facilitated the protection of 143 billion transactions in 2023 alone.

Upholding high standards of privacy, data responsibility, and cybersecurity, Mastercard continues to deliver seamless and secure transactions while safeguarding customer information.