Boardroom changes for Mastercard and NuData Security following Giasson retirement

Behavioral biometric specialists NuData Security has announced that Christopher Bailey is to become the new CEO of NuData and executive vice president of EMV/digital devices at Mastercard – its parent company.

Formerly the company’s senior vice president and CTO, Bailey’s appointment follows the retirement of Michel Giasson, who assumed the role for the past 12 years. 

“I am delighted to announce Christopher’s appointment as CEO of NuData. Effective user verification has become critical amidst growing numbers of cyber breaches,” said Ajay Bhalla, president of cyber & intelligence at Mastercard.

“Christopher’s diverse experience and deep security expertise will allow us to further scale NuData, while leveraging our technologies and products to transform the digital payment experience. I have every confidence in Christopher and the team seeing us through this next chapter,” 

Bailey co-founded the firm with Giasson back in 2007 before the company was then acquired by Mastercard in 2017, which led to nearly tripling its original employee count.

His new roles within the two firms makes him responsible for NuData’s strategic vision and direction of user verification intelligence, plus Mastercard’s Digital Devices division.This includes the creation of an “integrated security path with EMV.”

Furthermore Bailey will focus on continuing the firms innovation and evolving NuData’s technology stack into holistic solutions that stretch beyond the login or device.

Bailey stated: “Michel has been a mentor for me and is a reference for many in the cybersecurity industry, so it is a privilege to continue his legacy.

“As CEO, I will ensure NuData maintains its focus on the two things that have always set us apart: unparalleled customer service and a work environment that fosters the creation of secure and innovative products.”

“As the market shifts towards centralised authentication, NuData and Mastercard are uniquely placed to lead passive biometrics and user verification with security embedded into every level.”