Fraud Management & Cybercrime , Fraud Risk Management , Ransomware

Mastercard Brings Cyber Education to Small Businesses

Paul Trueman Shares Details of ‘Trust Center’ Initiative
Paul Trueman, SVP of product advancement, cyber & intelligence, Mastercard

Small businesses have been disproportionately affected by hackers in recent months. To aid in countering the threat, Mastercard has launched a cybersecurity education effort targeting this market segment. Paul Trueman, a senior vice president Mastercard, explains the “Trust Center” initiative.

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”When opportunity arises, criminals will go for the easiest and softest target and the most vulnerable,” Trueman says. “And the most vulnerable are small businesses whose passion is to do what they do. If it's to make bread, they want to make bread. They don't want to work with cyber tools - that's not what they got into the business for. So, they fall [victim to] phishing attacks and ransomware attacks - and the impact on their business is significant.”

In a video interview with Information Security Media Group, Trueman discusses:

  • The objectives of the Mastercard Trust Center;
  • How the center tailors its educational efforts to meet needs;
  • How Mastercard is getting the cybersecurity message across to small and midsize businesses.

Trueman is senior vice president, product advancement, cyber and intelligence at Mastercard. He leads projects to enhance solutions for consumers, partners and governments around the world. Working with leading academic institutions, he modeled trends on trust and digital evolution as well as enabling solutions on cybersecurity, artificial intelligence and digital identity.

About the Author

Nick Holland

Nick Holland

Former Director, Editorial

Holland focused on the intersection of digital banking, payments and security technologies. He has spoken at a variety of conferences and events, including Mobile World Congress, Money2020, Next Bank and SXSW, and has been quoted by The Wall Street Journal, CNN Money, MSNBC, NPR, Forbes, Fortune, BusinessWeek, Time Magazine, The Economist and the Financial Times.

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