Visa, a colossal player in the digital payments realm, and Expel, a forerunner in security operations, have coalesced in a strategic partnership, aspiring to bolster the cybersecurity fortifications of Visa’s Value-Added Services portfolio on a global scale.
Visa, with its reach sprawling across more than 200 countries, masterfully orchestrates transactions between a plethora of entities including consumers, merchants, and governments, whereas Expel is revered for its prowess in providing managed detection and response (MDR) capabilities, thereby significantly augmenting security teams with vigilant, round-the-clock monitoring and adept incident responses.
In light of global cybercrime costs, which are projected to skyrocket to a staggering $10.5trn annually by 2025, and businesses worldwide lamenting losses exceeding $4m annually to cyber malfeasance, Visa and Expel have united their forces. This union aspires to forge a path that enables clients, who are navigating through the treacherous waters of evolving cyber threats, to not only anticipate but also adeptly parry these digital assaults, ensuring the sanctity of their cyber realms is uncompromised.
Expel, the security operations virtuoso, stands as a bastion in the MDR sector, providing a bulwark that not only prioritises detections based on clients’ key assets but also sharply reduces alert-to-response times, effectively nipping potential threats in the bud before they can proliferate. With a dexterous deployment of MDR that seamlessly integrates external intelligence, Expel empowers Visa’s clients with a strategic advantage, enabling them to transition from a reactive to a proactive security posture, substantially enhancing their threat detection and response capabilities.
This alliance equips clients with the capability to transition from a primarily reactive security posture to a forward-looking, risk-based decision-making approach. By leveraging Expel’s MDR, which is astutely informed by external intelligence and threat techniques, clients can expect enhanced visibility across multifarious attack surfaces, such as cloud, on-premises, SaaS applications, and Kubernetes, thereby ensuring a more secure digital environment.
The partnership will inaugurate its offerings of Expel’s solution to Visa clients within the United States and Canada, with a visionary gaze set towards a subsequent global rollout. Additionally, this collaboration will significantly bolster Visa’s advanced internal cybersecurity capabilities, thereby crafting a more secure ecosystem that resiliently safeguards its internal and client-based digital operations against malicious cyber activities.
Global head of Visa’s Risk and Identity Solutions James Mirfin said, “On average, businesses across the globe lose more than $4m per year as a result of cyber crime, resources that can be used to increase innovation and address needs in the market. As customers deal with an ever-expanding range of threats, they’re asking Visa for solutions to help them better manage their risk holistically, including cyber risk. The partnership with Expel will allow us to provide a more holistic security offering to new and existing clients across the network.”
Expel vp Global Channel Sales & Alliances Dan Webb expressed, “Organisations across the globe trust Visa to help mitigate risk and facilitate safe and secure transactions, so we’re thrilled to complement Visa’s own best-in-class efforts to prevent cybercrime with our MDR capabilities.
“We’re honoured that Visa entrusts us as a customer and recommends Expel as the MDR provider that will help their customers get more actionable insights from their security investments, reduce the amount of time they’re spending investigating threats, and ultimately sleep better at night knowing they have us monitoring and responding in their environments.”
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