Cybersecurity is an issue of rising importance across all industries. The credit card industry is particularly rife with fraud, often derived from cyber issues. Mastercard President of Operations and Technology Ed McLaughlin and his team leveraged artificial intelligence to do something about it, and the results have been remarkable, as he describes.
Mastercard CEO Ajay Banga, noted, “Every day that people see the interlocking circles of the Mastercard brand, they have the trust and peace of mind that their payments and data are safe and secure. Under Ed’s leadership, our best and brightest technologists are combining their artificial intelligence know-how and experience, and partnering with all aspects of our business to protect our customers, consumers and partners. The result of our AI-based predictions is having a meaningful impact on our fight against cyber fraud.”
For this reason, Ed is a 2019 winner of the Forbes CIO Innovation Award.