Mastercard and Recorded Future Address Payment Fraud Ecosystem Challenges

• •Fraud is now viewed as an ecosystem problem involving cyber and identity.
• •Collaboration between cyber and fraud teams is hindered by organizational silos.
• •Recorded Future's tools can identify and disrupt fraudulent activities before they affect customers.

At RiskX Singapore 2026, Colin Mahony from Recorded Future and Aditi Sawhney from Mastercard discussed the evolving landscape of payment fraud. They emphasized that fraudulent transactions are the final outcome of a broader ecosystem problem involving cyber, identity, and payments. Despite the importance of collaboration between cyber and fraud teams, silos remain, hindering effective communication and response. The discussion highlighted a maturity gap, where fraud teams are beginning to leverage external intelligence to preempt attacks. Recorded Future's Payment Fraud service analyzes newly registered domains to identify potential scams before transactions occur. The conversation underscored the need for a unified approach to combat fraud effectively.