Visa announced a strategic partnership with Expel, extending Visa's Value-Added Services offering in the emerging Managed Detection and Response (MDR) segment to clients globally. Global cybercrime costs are expected to reach $10.5 trillion USD annually by 2025, impacting businesses of all sizes. Through the referral partnership, Visa and Expel are working to make it easier for clients to anticipate and protect against cyber threats.

Companies are dealing with a large quantity of issues related to cybersecurity, including an ever-expanding threat landscape, a constant stream of cybersecurity alerts and events, and challenges hiring and retaining cybersecurity talent. Ensuring that clients across the network have a strong security posture, including cyber, is a high priority for Visa. Building on the work already undertaken to protect the network, Visa is committed to facilitating secure global money movement by helping clients identify and mitigate their own cyber vulnerabilities.

Expel MDR prioritizes detections based on clients' key assets, reduce alert-to-response time to minutes, automatically stop threats from spreading, and arm Visa's clients with metrics to strengthen their security. The partnership is intended to give clients: The ability to move from a reactive security posture to a proactive posture, focused on risk-based decision making; Improved threat detection and response capabilities in the face of ever-evolving cybersecurity threats and industry challenges; MDR services informed by external intelligence, trends, and threat techniques; Visibility across attack surfaces that include cloud, on-premises, SaaS applications, and Kubernetes; Less time managing security operations and dedicating resources to other high-priority initiatives; 24/7 security monitoring and response. The fraud and payment security market is large and growing faster than card payments, and a strong foundation of cyber protection is required to enhance fraud defenses.

This partnership is helping Visa build on its advanced internal cybersecurity capabilities to help create a more secure ecosystem. Risk and Identity Solutions, support the security and integrity of the Visa network and help keep clients and partners secure. Visa will begin offering Expel's solution to Visa clients within the United States and Canada, with plans to roll out globally.