Mastercard & Cyber Monks launch marketplace to fine-tune cybersecurity solutions

Credit: Shutterstock
Credit: Shutterstock

Security services distributor, Cyber Monks, has joined forces with Mastercard to launch a cyber marketplace aiming to simplify the acquisition of cybersecurity solutions. 

The partnership aims to ensure that cybersecurity solutions are tailored to address the challenges faced by small and medium-sized enterprises (SMEs).

Cyber Monks and Mastercard will allow SME businesses to access the latest suite of RiskRecon by Mastercard cybersecurity solutions, which include analysis and reporting of third-party risk and supply chains. 

Via the cyber market platform, SMEs will be able to gain insightful evaluations, assessments of supply chains and third-party vendors, and assistance in adhering to various compliance standards. 

Rigo Van den Broeck, EVP, Cybersecurity Product Innovation, Mastercard, said: “In today’s digital world, trust is the vital link between businesses and their customers. 

“Mastercard’s cybersecurity solutions provide protection to both the business but also enable them to secure their supply chain. By increasing the availability of our cybersecurity solutions to these SME’s, we are helping them protect their business and that vital relationship with customers.”

This venture is the first of its kind for Cyber Monks, offering a white-labelled cybersecurity marketplace with co-branding opportunities. This allows Managed Service Providers (MSPs), Telecom companies, and financial institutions to present these solutions to their customers.

In addition to the cybersecurity solutions, users can access the global support centre, offering assistance in German and English, with French, Spanish, and Italian support due to launch in early 2024.

Furthermore, starting January 2024, the cybersecurity marketplace will join Mastercard’s Priceless Planet Coalition program and will support the firm’s goal of restoring 100 million trees globally by 2025.

Anas Handous, CEO of Cyber Monks, added: “Our strides to simplify the intricate cybersecurity marketplace have been significant. Now, with the co-branded online marketplace by Mastercard, we’ve leapt even further. 

“SMEs, service providers, and their clients can effortlessly cherry-pick and subscribe to top-tier cybersecurity solutions, akin to subscribing to a beloved streaming service. We aim to reduce complexity, ensuring our clientele can readily deploy state-of-the-art cybersecurity tools against the mounting tide of cyber threats.”