Empowering GCC Businesses with Advanced Cybersecurity and Compliance through the Infocredit Group and Mastercard Partnership

At Infocredit Group, we’re thrilled to announce our groundbreaking partnership with Mastercard, focusing on Mastercard’s RiskRecon product, a cutting-edge cybersecurity solution. This collaboration signals a new era in how businesses across the Gulf Cooperation Council (GCC) region and beyond can enhance their cybersecurity while meeting stringent regulatory demands. By combining RiskRecon’s industry-leading cyber assessment tools with our deep regulatory expertise, we are setting new standards for cybersecurity and compliance innovation, specifically tailored to the needs of the GCC market.

Unpacking the Benefits of the Infocredit-Mastercard Alliance

Our alliance with Mastercard is more than just a partnership—it’s a commitment to providing GCC organizations with the tools they need to thrive in an era of increasing cyber threats and regulatory demands. Here’s a look at how this collaboration is designed to benefit businesses in the region:

1. Fortifying Defenses Against Evolving Cyber Threats

In a digital landscape where cyber threats evolve rapidly, organizations in the GCC require a proactive and adaptive approach to cybersecurity. RiskRecon, through its sophisticated cyber risk assessment capabilities, enables companies to continually monitor and strengthen their cyber defences. With insights covering essential security aspects—such as software patching, IP reputation, and application security—organizations can stay a step ahead, identifying vulnerabilities before they become critical issues.

2. Streamlining Vendor Cyber Risk Management

The interconnected nature of today’s business environment means that cyber risks aren’t just internal—they extend to every partner and vendor in the supply chain. RiskRecon’s robust assessment capabilities empower GCC businesses to conduct faster, more accurate evaluations of third-party vendors, ensuring that each vendor aligns with specific risk and compliance standards. RiskRecon prioritizes assessments based on vendor performance, highlighting areas where vendors fall short of security requirements, so companies can target resources they need most.

This level of control over third-party risks is especially valuable in sectors with extensive supply chains, like finance, energy, and technology. It enables businesses to make smarter vendor selections and reduce exposure to cyber risks throughout the supply chain.

3. Comprehensive Monitoring of Own Enterprise and Subsidiaries

RiskRecon goes beyond third-party assessments by providing a 360-degree view of an organization’s own digital environment, including subsidiaries. This holistic approach is essential for identifying potential risks within the organization’s infrastructure, ensuring that each layer of the business remains secure. By having a clear view of their own digital assets, GCC companies can better manage risks to safeguard not only their reputation but also their business relationships.

This internal monitoring capability is critical for companies in heavily regulated industries, where maintaining a secure, compliant digital environment is not only about security but also about maintaining trust with regulators, customers, and partners.

4. Minimizing Exposure to Multi-Party Breaches

Multi-party breaches, where cyber threats propagate through multiple layers of third-party vendors, pose a unique risk to companies in the GCC. RiskRecon’s ability to assess risks beyond direct third parties allows businesses to detect and mitigate hidden cyber threats, closing backdoor vulnerabilities and reducing the risk of complex breaches that might otherwise go unnoticed.

For businesses with extensive partner networks, particularly those in financial services or logistics, this capability offers an invaluable safety net against potential vulnerabilities originating from any level of the supply chain.

How GCC Companies Can Leverage This Partnership for Greater Compliance and Security

The combination of Infocredit Group’s regulatory know-how with RiskRecon’s powerful cybersecurity tools provides a unique opportunity for GCC companies to elevate their compliance and security standards. Here’s how businesses in the region can capitalize on this partnership:

• Accelerate Regulatory Compliance: GCC countries have increasingly stringent data protection and cybersecurity regulations. Leveraging RiskRecon’s precise risk assessments can help companies ensure compliance with these regulations more efficiently, with fewer false positives and clear prioritization of vulnerabilities.
• Tailored Risk Management: RiskRecon’s assessments can be customized to align with an organization’s specific risk tolerance, focusing resources on high-severity issues that have the most significant impact. This allows businesses to manage their cybersecurity and compliance efforts more effectively, investing in areas with the highest returns on security.
• Strengthen Supplier Relationships: By securing the supply chain through RiskRecon’s assessments, companies can establish stronger, more trustworthy relationships with their vendors and partners, knowing that they’re all aligned on security standards. This proactive approach to vendor management is increasingly becoming a competitive advantage.
• Safeguard Brand Reputation: Cybersecurity breaches can severely damage a company’s reputation, especially when regulatory compliance is involved. With the insights provided by RiskRecon, organizations can preemptively address potential vulnerabilities, ensuring that they remain resilient in the face of regulatory and cybersecurity challenges.

A Joint Vision for Cybersecurity Excellence in the GCC

Theodoros Kringou, Managing Director of Infocredit Group, said it best: “We are excited to forge this strategic partnership with Mastercard. This collaboration significantly strengthens our ability to provide cutting-edge compliance and cybersecurity tools, while reaffirming our commitment to helping businesses succeed in today’s complex regulatory landscape. Together, we are setting new standards for cybersecurity and compliance excellence.”

At Infocredit Group, we sincerely thank Mastercard for this partnership that reflects our shared commitment to delivering transformative solutions. By leveraging Mastercard’s RiskRecon technology and Infocredit Group’s deep understanding of regulatory landscapes, GCC businesses are better equipped to address third-party risks, maintain regulatory compliance, and confidently lead in an increasingly complex digital world.

For businesses in the GCC, this partnership is more than an enhancement in cybersecurity; it’s a strategic advantage in navigating today’s digital economy. We look forward to helping organizations across the region fortify their cyber defences and achieve compliance with a renewed sense of security and confidence.

Contact us for more info at [email protected] Lefteris Elia Symeon Stylianou Cimen SARP GEG?N Varun Thomas - CTCE, CCRS, ACAMS