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FIS, Microsoft partner on cybersecurity

February 14, 2014

Last week FIS announced a new cybersecurity partnership with the U.S. Department of Homeland Security. This week, the company has announced another security venture — this one with Microsoft.

In a news release, FIS said that it has been chosen by the software giant as a partner in the fight against cybercrime. The companies signed an agreement at Microsoft's Cybercrime Enforcement Summit in Redmond, Wash.

Under the agreement, FIS will work with forensic analysts, software developers and researchers at the Microsoft Cybercrime Center, which opened in November 2013. The companies' mutual goal is to increase cooperative action between international law enforcement and private industry in order to improve the security of payments and financial transactions worldwide.

"Cybersecurity has no end state and we embrace the opportunity to work collaboratively with industry leaders such as Microsoft to continually advance and further strengthen the banking and payments industry for financial institutions and their customers across the globe," said Greg Montana, EVP and chief risk officer at FIS, in the release.

"We're pleased to tap into FIS' cybersecurity expertise in our joint efforts to fight cybercrime," said David Finn, executive director and associate general counsel at the Microsoft Cybercrime Center. "We think their experience and knowledge will be invaluable as we work together to detect, pursue, and dismantle criminal organizations around the world."

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