Global digital payments giant Visa has launched a global cybersecurity consulting service with the aim of providing its customers with the risk analysis needed to identify, assess and counter emerging cybersecurity threats.

The new service leverages the global network of Visa Consulting And Analytics (VCA), Visa’s consulting arm which consists of thousands of consultants, data scientists and product experts from around the world.

VCA services include training and awareness programmes for employees on payment cybersecurity best practices, cybersecurity maturity assessments and dedicated support to detect and block enumeration attacks.

As part of VCA’s commitment to boost its client’s preparation on cybersecurity threats, the practice plans to roll out additional services such as threat intelligence and vulnerability testing and assessments.

James Mirfin, global head of risk and identity solutions at Visa, emphasised that proactive detection and response are crucial to cybersecurity and fraud prevention.

The firm added in a statement it has invested $12 billion in technology and infrastructure including cybersecurity and fraud prevention over the past five years.

“Our clients — which range from small mom-and-pop shops to larger enterprises — need comprehensive resources that can be scaled to meet the unique needs of their business,” Mirfin said.

Carl Rutstein, global head of consulting services for Visa, said that cybersecurity is now considered as a “fundamental part of any company's growth strategy”.

“By combining the latest advancements in AI technology with the expertise of our consulting and analytics practice, we continue delivering enhanced offerings that help our clients stay competitive in a rapidly evolving threat environment,” he added.

As part of the move, the company has appointed cybersecurity expert Jeremiah Dewey as its new global head of cyber products.

The cybersecurity specialist brings over two decades of experience leading managed security, incident response, and consulting services across private sector and government organisations, with previous stints at JPMorgan, SAIC and the US Navy.

In his new role, Dewey will lead the development of Visa’s suite of cybersecurity products and building strategic partnerships.

Commenting on Dewey’s appointment, Mirfin said: “We’re excited to welcome Jeremiah to the team as we continue developing innovative offerings that help clients of all sizes understand their risks and stay cybersecure.”

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