Visa has announced the launch of the Visa Threat Intelligence Platform (VTIP), a new solution designed to help financial institutions detect and respond to cyber threats that can lead to fraud and financial loss.
The platform brings together cyber and payments intelligence to help organisations identify threats earlier and reduce the risk of downstream fraud. Visa said the system uses the same cybersecurity capabilities it relies on to protect its own global network.
According to Visa, fraud often follows earlier cyber incidents such as data compromise, credential theft or system exploitation. Cyberattacks that expose payment credentials can originate across the payments ecosystem, including merchants, issuers, acquirers, processors and service providers.
Walter Lironi, Senior Vice President, Head of Head of Value Added Services, Central and Eastern Europe, Middle East, and Africa (CEMEA), Visa, said cyberattacks are becoming more frequent and harder to detect early. He said VTIP helps financial institutions see those threats sooner by combining cyber and payments intelligence in one place.
Visa said the platform is built on its global cyber defence capabilities, with the company blocking approximately 90 million cyberattacks and 11 million phishing emails each month across more than 200 countries. Developed by Visa’s defence operations team and tested internally across its payments network, VTIP was first validated by Visa before being extended to clients.
The platform includes threat intelligence, vulnerability intelligence, brand intelligence, digital identity intelligence and financial intelligence. Visa said these tools are designed to help security, fraud and risk teams connect cybersecurity events with possible fraud outcomes and focus on intelligence tied directly to payments risk.
Visa also said it has invested over $13 billion in technology over the past five years to strengthen security and reduce fraud. The company noted that Gartner Consulting gave Visa its highest rating of 4.9 among peer companies for the overall maturity of its cybersecurity programme.
Visa said VTIP is intended to help financial institutions address cyber threats earlier, reduce downstream fraud and strengthen trust across the payments ecosystem.
