Amisha Parikh, Mastercard’s VP of Security Solutions, shares insights on the cybersecurity challenges facing fintechs and small businesses in today’s digital economy. Parikh stresses cyber hygiene basics like software updates and strong passwords, while recommending multi-factor authentication (MFA) to safeguard financial data.
AI is also a focus; cybercriminals leverage AI for phishing, but Mastercard combats threats with AI-powered fraud detection. Mastercard’s Trust Centre provides fintechs with tools, including a Cybersecurity Assessment, to assess risks and enhance defenses. Parikh underscores emerging trends like biometric authentication, advising fintechs to remain vigilant as cyber threats become more sophisticated.
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