“NuData has proven to be one of the pioneers of the emerging behavioral biometrics approach to security.”
Mastercard is going to acquire NuData Security, the companies have announced.
In a statement, the companies declined to offer the terms of the agreement, but both committed to the project of integrating NuData and its NuDetect platform into Mastercard’s suite of security offerings.
NuData has proven to be one of the pioneers of the emerging behavioral biometrics approach to security. Its NuDetect platform is designed to assess a range of metrics pertaining to user behavior, including how they type and hold their devices, in order to establish a risk assessment with respect to fraud. The system has won NuData industry accolades and a growing client base. And in the context of an IT security industry growing increasingly enthusiastic about behavioral biometrics – analysts have predicted its imminent mainstreaming and it is the subject of FindBiometrics’ next expert webinar – Mastercard’s interest is easy to understand.
Commenting on the acquisition, Mastercard President of Enterprise Risk and Security Ajay Bhalla said the platform will allow Mastercard to “provide even richer context around potential cyber and device-specific threats”, while NuData CEO Michel Glasson acknowledged, “We’re excited to join the Mastercard family.”
March 29, 2017 – by Alex Perala