FireEye Pairs with Visa To Protect Consumer Data on the Web

Security companies continue to seek new methods to fight data breaches at retailers, banks and other companies that have giant storehouses of consumer payments data, and a new one arrived Wednesday: Working directly with the payments provider instead.

FireEye announced a partnership with Visa on Wednesday, with the two Silicon Valley companies agreeing to combine the troves of information they receive on attempted attacks for a new offering aimed at merchants as well as the banks that issue Visa cards.

"By combining Visa's unparalleled view into global payments and FireEye's industry-leading cyber security expertise, we intend to bring faster, actionable intelligence directly to players across the payments system," Visa CEO Charlie Scharf said in Wednesday's announcement.

The Web-based service will be sold by Visa personnel as part of its fraud risk solutions, a FireEye spokesman said Wednesday. It is meant to detect threats when they arrive on company networks, providing a wealth of data to FireEye and Visa, and immediately launch a response.

"One of the key benefits for Visa is being able to reduce that time from discovery to remediation," FireEye executive Rich Stegina said in a video distributed to mark the announcement. "The ability to reduce the time of a threat and recognize where those threat vectors are coming from is key."

Foster City-based Visa is easily the leader in payments worldwide: In 2013, Visa debit cards were used in more than 38 percent of card transactions worldwide, while Visa credit cards accounted for 22.1 percent, according to The Nilson Report. Milpitas-based FireEye is in a race to become the face of the next-generation security offerings from Silicon Valley, challenging Palo Alto Networks and Fortinet as well as stalwarts like Cisco and Symantec.

FBR Capital Markets analyst Daniel Ives said Wednesday from FireEye's analyst day that the deal with Visa could put FireEye in...

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