Fraud Management & Cybercrime , Fraud Risk Management , Ransomware
Mastercard Brings Cyber Education to Small BusinessesPaul Trueman Shares Details of ‘Trust Center’ Initiative
Small businesses have been disproportionately affected by hackers in recent months. To aid in countering the threat, Mastercard has launched a cybersecurity education effort targeting this market segment. Paul Trueman, a senior vice president Mastercard, explains the “Trust Center” initiative.
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”When opportunity arises, criminals will go for the easiest and softest target and the most vulnerable,” Trueman says. “And the most vulnerable are small businesses whose passion is to do what they do. If it's to make bread, they want to make bread. They don't want to work with cyber tools - that's not what they got into the business for. So, they fall [victim to] phishing attacks and ransomware attacks - and the impact on their business is significant.”
In a video interview with Information Security Media Group, Trueman discusses:
- The objectives of the Mastercard Trust Center;
- How the center tailors its educational efforts to meet needs;
- How Mastercard is getting the cybersecurity message across to small and midsize businesses.
Trueman is senior vice president, product advancement, cyber and intelligence at Mastercard. He leads projects to enhance solutions for consumers, partners and governments around the world. Working with leading academic institutions, he modeled trends on trust and digital evolution as well as enabling solutions on cybersecurity, artificial intelligence and digital identity.