Finextra – 2/13/15: MasterCard says it will invest an additional $20 million in cyber-security measures this year, including biometric protection for mobile apps, and early warning alerts on potential threat vectors. This spring, MasterCard will launch Safety Net, an initiative designed to reduce the risk of fraud or cyberattacks before issuers and processors might notice the threat. The card scheme says Safety Net will provide “an independent layer of security on top of the tools and policies of financial institutions, by monitoring and blocking specific transactions based on selected criteria”.
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