Mastercard is developing its first cyber and security centre in Europe, aimed at driving collaboration between both public and private sectors, as well as regulatory bodies to further support enterprise resilience in the region.

Located at Mastercard’s European Headquarters in Waterloo, Belgium, the European Cyber Resilience Centre is the first of its kind that the company has invested in outside of North America.

The facility will serve as a single cyber security hub for the region, bringing together a diverse pool of talent from across Mastercard’s global community.

“Financial services will always be at the top of the target list for attackers due to the vast pool of customer data and credentials under our responsibility,” said Javier Perez, president Europe at Mastercard. “Our European Cyber Resilience Centre improves collaboration amongst key organisations, helping to ensure businesses and individuals feel secure when sharing information online.”

The centre should shorten the lines of communication amongst internal Mastercard teams and externally with customers, partners and stakeholders, to improve response time and effectiveness during global events, natural disasters, service and security incidents and ensure compliance with privacy laws globally.

Mastercard is launching an interim centre this spring, with the official facility expected to open in 2021.

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