Cyberattacks are as old as the internet, but over the past several years they have become more insidious and destructive, in part by harnessing social engineering at scale and deploying increasingly sophisticated technology like generative AI. This year, cybercrime is projected to cost an estimated $9.5 trillion across the globe, according to Cybersecurity Ventures — approximately 9 percent of the world’s GDP.
Criminal tactics are always evolving, so stopping these schemes is an arms race — and, in an ever more interconnected world, a team effort. Staying ahead of the bad guys will take work from all of us.
In a year-end blog post, here are some of the ways Mastercard has shared its knowledge and expanded its capabilities to help partners, businesses and consumers fight back against cybercrime: Bringing the boardroom to the Cyber battlefield; Training girls to hack the future; Winning the race against the quantum threat; Combating cybercrime with military-style preparedness; and Fighting consumer subscription fraud.
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