11/6/2019, 4:24 PM (Source: TeleTrader)
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Mastercard exec: Firms must deal with data responsibly

The modern age is the age of "corporate data responsibility," president of cyber and Intelligence solutions at Mastercard Ajay Bhalla said in Lisbon on Wednesday.

Bhalla pointed out that users must be able to control their data and added more regulations are needed in the digital space. The executive noted that digital security needs to be treated as an ecosystem with high standards. However, he noted that companies need user data in order to provide more security, especially in the validation of transactions.

He added that the best way to guarantee cyber security is to "develop and innovate all the time" since that is also what those that are trying to breach security are doing.

Breaking the News / VP