Mastercard collaborates with Scybers to address fast-changing third party risk landscape

Thursday, 23 June 2022: Mastercard, yesterday announced a strategic partnership with Scybers, a global cybersecurity consulting and managed services company to bring Mastercard’s RiskRecon to Scybers’ customers.

RiskRecon is a Mastercard cybersecurity product that enables organisations to assess and manage cybersecurity threats and risks across supply chains and third-party vendors.

RiskRecon comes with a self-scan tool that is able to monitor the cybersecurity performance of organisations using open-source intelligence by employing passive, non-invasive techniques to discover an organisation’s public systems and analyse the cybersecurity risk posture of those systems.

As part of this partnership, Scybers will introduce RiskRecon to its existing and potential new clients across any industry that has a digital presence and help them identify vulnerabilities before they can be exploited.

Mastercard Sri Lanka and Maldives Country Manager Sandun Hapugoda said: “In an ever-evolving digital world, cybercrime has become a pertinent threat to businesses. Large-scale data breaches and ransomware attacks place organisations and businesses at risk each year. This partnership with Scybers is in line with Mastercard’s commitment to build a safe and secure cyberspace for businesses and individuals. We’re excited to bring real-time, continuous insights for Scybers’ customers that will help in identifying, pre-solving issues and protect their businesses.”

Scybers Co-Founder and Chairman Madu Ratnayake said: “Scybers is pleased to take RiskRecon to organisations who are looking for an additional layer of protection to keep their businesses safe from the ever-increasing cybersecurity attacks that amounts to high negative impact on reputation, penalties and remediation costs. Scybers will also educate the market with Mastercard via workshops and webinars to help prevent cyber threats using RiskRecon. This is the beginning of a mutually beneficial partnership for all of our stakeholders.”