Mastercard has deepened its commitment to security, announcing it is developing its first European Cyber Resilience Centre.

The state-of-the-art cyber and security centre will be based in Europe and will seek to drive collaborations between both public and private sectors, as well as regulatory bodies to further support enterprise resilience in the region.

Javier Perez, President Europe at Mastercard commented: “Financial services will always be at the top of the target list for attackers due to the vast pool of customer data and credentials under our responsibility.  

“Our European Cyber Resilience Centre improves collaboration amongst key organisations, helping to ensure businesses and individuals feel secure when sharing information online.”

He added: “The security and privacy of our customers’ data is paramount. Fraudsters and hackers know no borders or nationalities, so threats can strike from every corner of the world. Only a joint effort that involves all parties will be able to place Europe on the frontline of enterprise resilience. 

“This new centre will synchronize our global resources and partners to constantly seek and adopt the best practices for us and our customer network.”

Located in Waterloo, Belgium at Mastercard’s European Headquarters, the centre is the first time that the company has invested in outside of North America. The new centre highlights Mastercard’s ongoing commitment to addressing threats faced by the European payments ecosystem, including financial institutions and fintechs. 

The facility will serve as a single cybersecurity hub for the region, bringing together a diverse pool of talent from across Mastercard’s global community.