Cybersecurity / Data / Finance / Partnerships

ThreatQuotient and Visa are partnering to strengthen payment data defenses

The Reston, Va.–based cybersecurity company and financial services company will integrate their threat intelligence platforms to help better secure customers using their cards in retail stores.

The ThreatQuotient team. (Courtesy photo)

ThreatQuotient is partnering with Visa to help customers detect and protect against cyberattacks involving payment data, according to the companies.

ThreatQuotient’s ThreatQ threat intelligence platform will integrate data from Visa Threat Intelligence to provide retail organizations with the capabilities needed to identify breaches in advance and provide help on how to prevent future breaches on card fraud.

In 2017, the Reston,Va.–based cybersecurity company that structures intelligence data conducted research which found that the U.S. and Europe were the top two regions for payment data breaches, and that the number of retail companies affected by a breach have more than doubled since 2015, a press release states.

“Retailers are investing heavily in cybersecurity to protect payment card data and other personally identifiable information, and ThreatQuotient is proud to partner with a global leader like Visa to bring a stronger security resource to this market,” Haig Colter, director of alliances at ThreatQuotient said in a statement.

Visa’s verified breach intelligence data will help ThreatQuotient better streamline incident management while providing retailers with proactive reactions, according to the companies. Visa Threat Intelligence is a subscription service that is carried out through one of its programs that shares Indicators of Compromise, which is data gathered by Visa investigators pertaining to past, present and ongoing payment system breaches. The companies said combining the service with ThreatQuotient’s library of breach intelligence will help security analysts detect and mitigate risks sooner.

“Cyber criminals are reusing tactics, techniques and procedures, leaving a recognizable trail of breadcrumbs and insights into the very attacks they are launching. This partnership is going to provide defenders with the tools needed to put these insights into action, offering a leg-up against adversaries and helping to automate processes and make existing resources, both people and infrastructure, even more effective,” Colter said in a statement.

Companies: ThreatQuotient

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