New Visa and FireEye cyber watch program will provide advanced cyber
protection capabilities for merchants of all sizes
SAN FRANCISCO & MILPITAS, Calif.--(BUSINESS WIRE)--
Visa Inc. (NYSE:V) and FireEye, Inc. (NASDAQ:FEYE) today announced their
intention to co-develop tools and services to help merchants and issuers
protect against advanced cyber attacks targeting payment data. The first
of its kind Visa and FireEye Community Threat Intelligence (CTI)
offering will bring together threat information from both companies,
allowing merchants and issuers to quickly detect and respond to attacks
against their IT and payment infrastructure. Under the offering, FireEye
will operate the easy-to-use web based service to enhance stakeholders’
knowledge of attacks targeting the ecosystem, providing a significant
improvement over current industry practices of sharing threat
intelligence via e-mail or static documents.
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As strategic partners, FireEye and Visa initially plan to offer tools
that will provide greater cyber intelligence and enhanced threat
monitoring and will continue to work together, along with FireEye’s
cyber forensics group Mandiant, to add more capabilities tailored to
issuers and merchants of all sizes.
Many data compromises have similar attack patterns reinforcing the
importance of collective knowledge sharing to help merchants prepare and
monitor for known threats. Enhanced monitoring of malicious attacks and
suspicious payment activity will help in alerting merchants of potential
compromises. Identifying these data compromises earlier means fewer
stolen accounts and greater protection for their customers.
“The threat environment for merchants is more hostile than we’ve ever
seen - attack groups focused exclusively on stealing consumer data are
continuously expanding their operations and employing new techniques –
it’s a daunting prospect for any merchant whose business could collapse
if they lose customer trust,” said David DeWalt, CEO of FireEye. “This
new collaboration brings together two industry leaders to help protect
merchants and payment data and minimize the impact of attacks by sharing
information.”
"By combining Visa’s unparalleled view into global payments and
FireEye’s industry-leading cyber security expertise, we intend to bring
faster, actionable intelligence directly to players across the payments
system,” said Charlie Scharf, CEO of Visa Inc. “Although we are leading
efforts to render stolen data useless through smart technologies, data
security remains foundational for merchants. We’re pleased to be working
closely with FireEye, which has been at the front lines identifying and
investigating some of the most significant compromises around the world,
to provide critical cyber intelligence to merchants and financial
institutions.”
About Visa Inc.: Visa Inc. (NYSE: V) is a global payments
technology company that connects consumers, businesses, financial
institutions and governments in more than 200 countries and territories
to fast, secure and reliable electronic payments. We operate one of the
world's most advanced processing networks — VisaNet — that is capable of
handling more than 56,000 transaction messages a second, with fraud
protection for consumers and assured payment for merchants. Visa is not
a bank and does not issue cards, extend credit or set rates and fees for
consumers. Visa's innovations, however, enable its financial institution
customers to offer consumers more choices: pay now with debit, pay ahead
of time with prepaid or pay later with credit products. For more
information, visit usa.visa.com/about-visa,
visacorporate.tumblr.com
and @VisaNews.
About FireEye, Inc.: FireEye has invented a purpose-built,
virtual machine-based security platform that provides real-time threat
protection to enterprises and governments worldwide against the next
generation of cyber attacks. These highly sophisticated cyber attacks
easily circumvent traditional signature-based defenses, such as
next-generation firewalls, IPS, anti-virus, and gateways. The FireEye
Threat Prevention Platform provides real-time, dynamic threat protection
without the use of signatures to protect an organization across the
primary threat vectors and across the different stages of an attack life
cycle. The core of the FireEye platform is a virtual execution engine,
complemented by dynamic threat intelligence, to identify and block cyber
attacks in real time. FireEye has over 3,400 customers across 67
countries, including over 250 of the Fortune 500.
FireEye and Mandiant are registered trademarks or trademarks of FireEye,
Inc. in the United States and other countries. All other brands,
products, or service names are or may be trademarks or service marks of
their respective owners.
FireEye Forward-Looking Statements
This press release contains forward-looking statements, including
statements related to expectations, beliefs, plans and objectives with
respect to the intended partnership between Visa and FireEye, and the
features, benefits and availability of offerings associated with the
partnership. These forward-looking statements involve risks and
uncertainties, as well as assumptions which, if they do not fully
materialize or prove incorrect, could cause FireEye's results to differ
materially from those expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are not limited
to, the fact that FireEye and Visa have signed only a letter of intent
and still must negotiate, finalize and execute a full definitive
agreement related to the partnership; difficulties, delays or the
inability of FireEye and Visa to execute their plans and objectives with
respect to the partnership; and general market, political, economic, and
business conditions; as well as those risks and uncertainties included
under the captions "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations," in FireEye's
Quarterly Report on Form 10-Q filed with the Securities and Exchange
Commission on May 8, 2015, which is available on the Investor Relations
section of the company's website at investors.FireEye.com and on the SEC
website at www.sec.gov.
All forward-looking statements in this press release are based on
information available to FireEye as of the date hereof, and FireEye does
not assume any obligation to update the forward-looking statements
provided to reflect events that occur or circumstances that exist after
the date on which they were made. Any future offering that may be
referenced in this release is for information purposes only and is not a
commitment to deliver any offering. FireEye reserves the right to modify
future offerings at any time.
Source: Visa Inc. and FireEye, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150603006568/en/
Source: Visa Inc.