Digital Finance Summit 2022 https://www.digitalfinancesummit.com/

1. Cyber Resilience and
Public Private
Partnerships
October 2022
David Cox
Head - European Cyber Resilience
Centre

2. ©
2021
Mastercard.
Proprietary
and
Confidential.
Cyber threats
‘Crime-as-a-Service’
Evolution in ransomware
Scale and speed of attacks are increasing
2
Long-standing vulnerabilities continue to be
exploited
Phishing remains a significant entry
point

3. ©
2021
Mastercard.
Proprietary
and
Confidential.
Mastercard European Cyber Resilience Centre
3
Answering the top concerns of governments, policymakers, regulators
and customers…
Vision
Mission To protect our network, customers and consumers by strengthening public,
private and regulatory collaboration and enhancing resilience across the
region.
To become an international centre of excellence that protects people,
property and business.
Security in Unity

4. ©
2021
Mastercard.
Proprietary
and
Confidential.
Mastercard European Cyber Resilience Centre
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…with clear objectives
4.
1.
2.
3.
Prepare – Strengthening
relationships, building capacity and
capability.
Prevent – Detection and
identification of threats.
Protect – Mitigation and limitation of
cyber breaches.
Pursue – Sharing threat intelligence
to enhance situational awareness
and enable continuous learning.

5. ©2021
Mastercard.
Proprietary
and
Confidential
Case Study I: Carding Fraud
▪ Europol operation targeting fraudster selling
and purchasing compromised card data
▪ ECRC received, validated and examined over
300,000 pieces of card data
▪ Alerts provided on cards saving customers an
estimated €40M
▪ Mastercard received significant praise from
Europol for our collaboration
Europol signed an MoU with Mastercard to cement
our relationship, demonstrating Mastercard’s
commitment to Europol and European Law
Enforcement

6. ©2021
Mastercard.
Proprietary
and
Confidential
Case Study II: Improving Resilience
▪ Locked Shields is the largest and most complex
international live-fire defense exercises in the world
▪ Mastercard worked alongside FS-ISAC, Cyber
Resilience Coordination Centre and other FI’s
▪ Mastercard provided challenging scenario injects to
the exercise
▪ Excellent public/private coordination and
collaboration
NATO Wargame Examines Cyber Risk to Financial System
Financial industry helped plan scenarios in which
widespread disruption would hit banks and other firms

7. ©
2021
Mastercard.
Proprietary
and
Confidential.
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Thank you.
©
2021
Mastercard.
Proprietary
and
Confidential.
Security in Unity