As part of its ongoing commitment to help protect the integrity of the global payment card network, MasterCard held its annual European Global Risk Management Conference in Barcelona, Spain, Nov. 1-5.
The five-day symposium welcomed hundreds of attendees from across Europe.
The MasterCard Global Risk Management Conference offered the latest tools and techniques for minimizing fraud risk and maximizing profitability.
Industry experts from around the world focused on the global issues that all stakeholders are currently facing as well as those issues occurring in the local markets.
Workshops and case studies unveiled strategies to help European, Middle Eastern, and African payment card industry security professionals secure payment card data and combat fraud.
Andrea Rigoni presented GCSEC mission and activities, focusing on the contribution to the financial sector. In particular, he talked about one of GCSEC research projects: OF2CEN. Funded by European Commission under the ‘Fight Against Crime Program’, the project objective is to develop a model and a prototype to share information between financial institutions and law enforcement; partners of the projects are banks and law enforcement agencies from Italy, United Kingdom and Romania.
Topic higlights included:
• aggressive marketing practices: identifying areas of increased scrutiny in the payment system
• effective fraud reduction strategies through better analytics and real-time scoring
• the sophisticated tools needed for an effective challenge strategy
• anatomy of a hospitality breach: a case study.