The University Teknologi Malaysia (UTM) has partnered with Mastercard to develop innovative cybersecurity solutions for the financial industry. With cyber threats becoming increasingly sophisticated, it has become essential to explore new avenues for bolstering cybersecurity measures. The partnership between UTM and Mastercard will leverage the expertise of both organisations to develop advanced cybersecurity solutions.
UTM has a strong track record in the field of cybersecurity, having established the Cybersecurity Center of Excellence (CoE) to conduct research and development in this area. The CoE has worked with industry partners to develop cutting-edge solutions that help businesses mitigate cybersecurity risks. The centre's research expertise ranges from network security, cryptography, biometrics, and artificial intelligence (AI).
In contrast, Mastercard has vast financial industry experience and has been at the forefront of inventing innovative payment solutions. UTM and Mastercard seek to build a more secure environment for financial transactions by merging their strengths. The collaboration is not just focused on finding new solutions, but also on building cybersecurity talent.
Biometric authentication will be one of the partnership's primary focal areas. Biometric authentication is the use of unique physical traits, such as fingerprints or facial recognition, to validate user identity. This technology has grown in favour in recent years since it offers a more secure method of authenticating users than traditional password-based techniques. UTM and Mastercard intend to create new biometric solutions that can be incorporated into existing payment systems, adding another layer of protection to financial transactions.
Another area of interest for the partnership is the use of artificial intelligence (AI) in cybersecurity. AI has demonstrated enormous promise in detecting and preventing cyber attacks. With the volume and complexity of cyber threats increasing, artificial intelligence (AI) can assist firms in identifying dangers and responding promptly to reduce their impact. UTM and Mastercard intend to investigate the application of artificial intelligence in the development of enhanced cybersecurity systems that can react to new threats in real time..
The UTM-Mastercard partnership is not limited to research and development of cybersecurity solutions. The partnership will offer training and development programs to students, professionals, and organisations to equip them with the skills and knowledge necessary to tackle cybersecurity challenges. This is essential as the demand for cybersecurity experts continues to grow, and there is a shortage of skilled professionals in this area.
The partnership between UTM and Mastercard is a significant step forward in the fight against cyber threats. By leveraging their respective strengths, the two organisations can develop innovative solutions that can help businesses protect themselves from cyber attacks. The partnership's focus on building talent is also essential as it will help address the shortage of skilled professionals in the field of cybersecurity. As technology continues to evolve, so do cyber threats. It is essential to stay ahead of the curve by developing innovative solutions that can protect businesses and individuals from cyber attacks. The UTM-Mastercard partnership is an excellent example of how collaboration between academia and industry can drive innovation and create a more secure digital environment.
The partnership between UTM and Mastercard has the potential to impact not just the financial industry but also other industries that deal with sensitive data. The cybersecurity solutions that the partnership develops can be adapted to other sectors, providing a broader impact. With the ongoing pandemic, the world has become more reliant on digital technologies, making cybersecurity even more critical. The partnership between UTM and MasterCard comes at an important time, and its solutions can ensure a safer digital environment for both enterprises and individuals.
Overall, the UTM-Mastercard collaboration is an exciting partnership that brings together two different organisations with contrasting strengths to address a common problem. The partnership's emphasis on biometric authentication, artificial intelligence, and talent development is critical in the creation of breakthrough cybersecurity solutions. This partnership serves as an excellent example of how collaboration between academia and industry can drive innovation and bring about positive change in society.
This blog was written by the Activated Solutions team. If you are a business owner or an individual concerned about your cybersecurity, it's time to take action. Activated Solutions can help you to protect your business and personal data from potential cyber threats.
Contact Activated Solutions today to learn more about how they can help you protect your business. With our expertise and commitment to cybersecurity, you can have peace of mind knowing that you are taking proactive steps to protect yourself and your business from potential data breaches.
For more information, please visit: activatedsolutions.ca.
Resources
CJ Editor writes, CJMY, et al. “UTM Partners MasterCard to Boost Cybersecurity Innovation - Citizens Journal.” Citizens Journal - Community, Food and Lifestyle, 4 Apr. 2023, https://cj.my/128906/utm-partners-mastercard-to-boost-cybersecurity-innovation/.
Comments