Mastercard unveils European Cybersecurity Centre

Set to be up and running next year at the company’s regional headquarters in Waterloo, Belgium, the facility is is the first for Mastercard outside North America

Posted 20 February 2020 by Gary Flood

Mastercard is developing its first European Cyber Resilience Centre, which it says will be a state-of-the-art regional Cyber and IT security centre that will drive collaboration between both public and private sectors, as well as regulatory bodies.

Announced in a new blog on the company’s web site and to be located at Mastercard’s European Headquarters at Waterloo in Belgium, the centre is the first of its kind that the credit card leader, which now styles itself as ‘a technology company in the global payments industry’ has invested in outside of North America.

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The new centre highlights Mastercard’s ongoing commitment to addressing threats faced by the European payments ecosystem, including financial institutions and fintechs, and will also serve as a single Cybersecurity hub for the region, bringing together a diverse pool of talent from across the Mastercard global community.

Working with various national cyber intelligence centres, industry groups, law enforcement agencies and central banks across Europe – ECRB, ECCFI, Europol, FS-ISAC, INTERPOL, NBB, and the UK’s NCA and NCSC – the planned Centre will help drive better prevention and mitigation practices against international cybercrime and wider security threats. Finally, the centre will also bring together both cyber and physical security experts.

“Financial services will always be at the top of the target list for attackers due to the vast pool of customer data and credentials under our responsibility,” says Javier Perez, President Europe at Mastercard.

“Our European Cyber Resilience Centre improves collaboration amongst key organisations, helping to ensure businesses and individuals feel secure when sharing information online.

“The security and privacy of our customers’ data is paramount,” he adds on the blog.

“Fraudsters and hackers know no borders or nationalities, so threats can strike from every corner of the world; only a joint effort that involves all parties will be able to place Europe on the frontline of enterprise resilience.

“This new centre will synchronise our global resources and partners to constantly seek and adopt the best practices for us and our customer network.”

Mastercard is launching an interim centre this spring, with the official facility expected to open in 2021.