Recorded Future and Mastercard Discuss Using Cyber Intelligence to Get Ahead of Payment Fraud
Summary
At RiskX Singapore 2026, Recorded Future and Mastercard discussed connecting cyber and payment-fraud signals to detect scams, compromised cards, and Magecart infections before criminals monetize them.
Key points
- The speakers described payment fraud as an ecosystem problem, with fraudulent transactions often preceded by stolen credentials, malicious domains, or compromised merchant sites.
- Recorded Future said it monitors newly registered merchant domains for scam indicators and links them to merchant accounts, enabling investigation and potential takedown before customers transact.
- Combining dark-web card-testing intelligence with payment-network data can help issuers identify compromised cards before fraudulent charges post.
- Recorded Future's 2025 Payment Fraud Intelligence Report cited more than 10,500 active Magecart infections and estimated that they likely compromised over 23 million online transactions.
- The speakers said cyber and fraud teams often work in silos, limiting their ability to connect threat-intelligence signals with transaction data.
- The interview highlighted AI's role in scaling personalized scams and lowering barriers to digital skimming, and discussed using automation to accelerate defensive analysis and response.
- The speakers called for broader access to proactive fraud defenses and stronger coordination among businesses, law enforcement, governments, and other organizations.
Article Details
- Event Type
- RiskX Singapore 2026 discussion on payment fraud as an ecosystem problem and the use of cyber threat intelligence with financial network data to detect and disrupt fraud before transactions occur.
- Impact
- The article reports that more than 10,500 Magecart infections were active during 2025, likely compromising more than 23 million online transactions. It describes fraudulent merchant domains, compromised payment cards, and merchant-site skimming as stages of payment fraud, and presents coordinated intelligence as a way to detect and respond earlier.
People
Aditi SawhneyMastercard representative who discussed payment fraud and cyber-fraud coordination at RiskX Singapore 2026.Colin MahonyRecorded Future CEO who discussed payment fraud and cyber threat intelligence at RiskX Singapore 2026.Jane LoNamed as a participant in the conversation produced by Miss Cyber Penny.
Malware
Vendors
MastercardAt RiskX Singapore 2026, Recorded Future CEO Colin Mahony and Mastercard's Aditi Sawhney discussed why payment fraud has become an ecosystem problem that spans cyber and financial crime.Recorded FutureAt RiskX Singapore 2026, Recorded Future CEO Colin Mahony and Mastercard's Aditi Sawhney discussed why payment fraud has become an ecosystem problem that spans cyber and financial crime.
Products
Cyber OperationsFor teams using Cyber Operations, that fraud signal can be the start of a cyber investigation: automated threat hunting against the infected infrastructure and deeper malware analysis in Sandbox.Digital Risk ProtectionFor teams that also run Digital Risk Protection, that same domain can be investigated further and submitted for takedown, turning a detection into a disruption.Intelligence GraphPayment FraudAt RiskX Singapore 2026, Recorded Future CEO Colin Mahony and Mastercard's Aditi Sawhney discussed why payment fraud has become an ecosystem problem that spans cyber and financial crime.SandboxFor teams using Cyber Operations, that fraud signal can be the start of a cyber investigation: automated threat hunting against the infected infrastructure and deeper malware analysis in Sandbox.