Visa, FireEye Team Up To Develop Advanced Cyber Protection Tools For Merchants

(RTTNews) - Visa Inc. (V) and FireEye, Inc. (FEYE) on Wednesday announced plan to co-develop tools and services to help merchants and issuers protect against advanced cyber attacks targeting payment data.

The first of its kind Visa and FireEye Community Threat Intelligence offering will bring together threat information from both companies, allowing merchants and issuers to quickly detect and respond to attacks against their IT and payment infrastructure.

Under the offering, FireEye will operate the easy-to-use web based service to enhance stakeholders' knowledge of attacks targeting the ecosystem, providing a significant improvement over current industry practices of sharing threat intelligence via e-mail or static documents.

FireEye and Visa initially plan to offer tools that will provide greater cyber intelligence and enhanced threat monitoring and will continue to work together, along with FireEye's cyber forensics group Mandiant, to add more capabilities tailored to issuers and merchants of all sizes.