Visa taps US security operations provider Expel for MDR capabilities
Visa has partnered with the Virginia-headquartered security operations provider Expel to “to make it easier for clients to anticipate and protect against cyber threats”.
Visa taps Expel for MDR
With the cost of global cybercrime threats on track to reach $10.5 trillion a year by 2025, Visa is to leverage its partner’s managed detection and response (MDR) solution, which claims to reduce alert-to-response times “to minutes”, to enable its clients to detect incoming cyber risks using metrics aligned with their own key assets.
In this, the solution seeks to expose business vulnerabilities by combining insights gathered from external intelligence, and current threat techniques and trends, and is compatible with various attack surfaces including cloud, on-premises, Software-as-a-Service (SaaS) applications and Kubernetes.
Citing the findings of IBM, which claims that businesses lose more than $4 million per year as a result of cyber crime, James Mirfin, global head of Visa’s risk and identity solutions, recognises how such substantial financial losses come to the detriment of both innovation and market agility.
“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,” Mirfin claims, adding that the partnership with Expel will “allow us to provide a more holistic security offering to new and existing clients across the network”.
Adding to this, Dan Webb, VP global channel sales and alliances at Expel, promises that the integration will enable Visa customers with “more actionable insights from their security investments”, and proposes that its MDR solution will “reduce the amount of time they’re spending investigating threats”.
Visa will offer the solution to its clients in the US and Canada, and has confirmed plans to “roll out globally”, although has given no specific indication of when this might happen.
